Gold Price in Pakistan Today Reaches Rs350,000
The gold price increase is driven by a combination of factors, including the drop in US Treasury yields, decline in US real yields, and gains in international markets, with the All-Pakistan Gems and Jewellers Sarafa Association reporting a rate of $3,329 per ounce, and silver prices rising to Rs3,401 per tola.
Gold prices in Pakistan have surged to an all-time high of Rs350,000 per tola, driven by gains in international markets, with the price of 10 grams of gold also increasing by Rs1,715 to reach Rs300,068.
The rise in gold prices is attributed to a drop in the US 10-year Treasury yield, which fell four and a half basis points to 4.339%, and a decline in US real yields by three and a half basis points to 2.149%. The international rate of gold also increased, with the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reporting a rate of $3,329 per ounce, up $19 from the previous day.
Silver prices also rose by Rs59 to Rs3,401 per tola, while the price of 10 grams of gold edged higher to Rs290,980, and the price of a tola of gold reached Rs339,400. The international market saw a rise of $6 to $3,224 per ounce, with silver prices remaining steady at Rs3,397 per tola and Rs2,912 per 10 grams.
The increase in gold prices is expected to continue, with money market players pricing in 85 bps of easing toward the end of 2025, and the first cut expected in July. The NY Empire State Manufacturing Index improved to -8.1 in April 2025 from -20 in March, but input prices increased, hinting at a decline in business activity.
The surge in gold prices has significant implications for the Pakistani economy, with potential impacts on inflation, trade, and economic growth. As the gold prices continue to rise, it is essential to monitor the situation closely and assess the potential consequences for the country's economic stability.