Gold Prices Surge in Pakistan Amidst Global Trends
The surge in gold prices has been driven by a combination of factors, including the increase in international gold prices and the depreciation of the Pakistani rupee against the US dollar, making gold and silver more expensive for local buyers.
Gold prices in Pakistan have experienced a significant surge, with the rate per tola reaching Rs358,400, a gain of Rs4,300, and 10-gram gold being sold at Rs307,270, up by Rs3,687, as of June 09, 2025.
The international market trends have played a crucial role in the fluctuation of gold prices in Pakistan. The international rate of gold has increased, reaching $3,400 per ounce with a premium of $20, up by $43. This surge in global gold prices has directly impacted the local gold markets and Sarafa Markets in various cities across Pakistan.
In addition to the rise in gold prices, the silver price per tola has also seen an increase, rising by Rs159 to settle at Rs3,745. The Pakistani rupee has depreciated against the US dollar, with the interbank buying rate reaching 282.22 and the selling rate at 282.23. This depreciation of the rupee has further contributed to the increase in gold prices in the local market.
The fluctuations in gold prices in Pakistan are closely tied to the international market trends, and any changes in the global gold prices are likely to have a direct impact on the local market. As the global economy continues to evolve, it will be interesting to see how gold prices in Pakistan respond to these changes.