The gold price in Pakistan has reached a historic high, crossing the Rs. 5 lakh mark for the very first time. This sharp surge reflects strong momentum in the international bullion market, combined with local economic pressures and rising investor demand for safe-haven assets.
On Wednesday, gold prices jumped significantly across Pakistan’s local markets, surprising buyers while reinforcing gold’s status as a long-term store of value.
Latest Gold Price in Pakistan Today
According to the latest data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold prices saw a steep single-day increase.
Gold Rates Breakdown
- Gold per tola: Rs. 506,362
(Up by Rs. 12,700 in one day) - 10 grams gold: Rs. 434,123
(Increase of Rs. 10,888)
Just a day earlier, gold per tola was trading at Rs. 493,662, meaning the market recorded a cumulative rise of over Rs. 17,000 within 48 hours.
This sudden acceleration confirms a strong upward trend in the gold price in Pakistan.
International Gold Market Impact
The rally in local prices closely mirrors massive gains in the global bullion market.
Global Gold Prices
- International gold rate: $4,840 per ounce
- Daily increase: $127
- Included premium: $20
Rising geopolitical uncertainty, inflation concerns, and expectations around global interest rates have pushed international investors toward gold, directly impacting the gold price in Pakistan.
Silver Prices Also Move Up
Gold wasn’t the only precious metal to record gains.
Silver Price in Pakistan
- Silver per tola: Rs. 9,933
- Increase: Rs. 64
Although silver’s rise was moderate compared to gold, it continues to follow the broader precious metals trend.
Why Is the Gold Price in Pakistan Rising?
Several key factors are driving this historic surge.
1. Global Economic Uncertainty
International investors are shifting toward gold amid inflation fears and slowing economic growth.
2. Weak Local Currency
The depreciation of the Pakistani rupee increases import costs, pushing local gold prices higher.
3. Safe-Haven Demand
Gold remains a trusted hedge against inflation and currency volatility.
4. International Market Dependency
Pakistan’s gold prices are directly influenced by global bullion movements.
What This Means for Buyers and Investors
- For investors: The rising gold price in Pakistan signals strong long-term value, but short-term volatility is expected.
- For buyers: Jewelry and wedding purchases may become significantly more expensive.
- For traders: High volatility presents both opportunity and risk.
Experts advise monitoring international trends closely before making large purchases.
Gold Price Outlook in Pakistan
If global prices remain elevated and economic uncertainty persists, the gold price in Pakistan may continue testing new highs. However, short-term corrections are also possible if international markets stabilize.
Conclusion
Crossing Rs. 5 lakh per tola is a historic moment for Pakistan’s bullion market. The current rally highlights gold’s importance as a financial safeguard during uncertain times. Whether you’re an investor, trader, or buyer, staying informed about daily market movements is now more important than ever.
