Gold Rates in Pakistan Today Reach New High

Gold prices in Pakistan have surged to a new high, with 24-karat gold per tola increasing by Rs5,900 to Rs363,700, and 10 grams of 24-karat gold rising to Rs311,814, amid increased global demand for safe-haven assets.

The rise in gold prices is attributed to economic uncertainty, with international gold prices surging to $3,454 per ounce. Silver prices, however, remained unchanged at Rs3,441 per tola and $32.77 per ounce in the international market. The increase in gold prices has been observed despite a recent decline in prices, which plummeted by Rs11,700 to Rs352,000 per tola on Wednesday, following a historic one-day drop in the international market.

The decline on Wednesday was attributed to easing trade tensions between the US and China, with US President Donald Trump signaling a de-escalation in tariffs. The global rate of gold fell $116 per ounce to $3,338, with some analysts predicting further downside to the $3,250-$3,220 range. Meanwhile, the Pakistani rupee depreciated marginally against the US dollar, closing at Rs280.97 in the inter-bank market.

In other economic news, remittances under the Roshan Digital Account (RDA) rose to $10.003 billion by the end of March 2025, with an increase of $235 million in inflows during the month. This development is expected to have a positive impact on Pakistan's economy, which has been facing challenges in recent times.

As the gold prices in Pakistan continue to fluctuate, it remains to be seen how the market will respond to changing global economic conditions. The increase in gold prices has significant implications for the economy, and it is essential to monitor the situation closely to understand the potential impact on the country's financial landscape.