Gold Rates in Pakistan Surge to Rs356,900
The increase in gold prices has been observed globally, with the price per ounce rising to $3,385, causing a subsequent rise in local prices, making gold more expensive for consumers in Pakistan, with 24-karat gold now priced at Rs356,900 per tola and Rs305,984 per 10 grams.
Gold prices in Pakistan have seen a significant increase, with 24-karat gold per tola rising by Rs800 to Rs356,900 and 10 grams increasing by Rs684 to Rs305,984, following a global surge in gold prices to $3,385 per ounce.
The increase in gold prices is attributed to the global market trend, where the price per ounce rose by $8 to $3,385. This global rise has had a direct impact on the local market, causing gold prices in Pakistan to surge. The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) has reported these prices as of May 9, 2025.
In contrast, silver prices in Pakistan have remained stable, with 24-karat silver per tola at Rs3,482 and 10 grams at Rs2,985. The stability in silver prices provides a stark contrast to the significant increase in gold prices, highlighting the volatility of the precious metals market.
The surge in gold prices is likely to have an impact on the local jewelry market, with consumers potentially feeling the effects of the increased prices. As the global market continues to influence local prices, it remains to be seen how the prices of gold and other precious metals will fluctuate in the coming days.