Gold price in Pakistan hits record high reaches near to Rs. 500,000 per tola. Gold prices in Pakistan reached a record high on Tuesday, continuing their upward trend in the local market. The price of gold per tola rose by Rs. 900 to Rs. 481,862, while 10-gram gold was sold at Rs. 413,118 after an increase of Rs. 771, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Meanwhile, silver prices also climbed, rising by Rs. 180 to Rs. 9,075 per tola, marking continued gains in the precious metals market.
On Monday, gold per tola had reached Rs. 480,962 after a significant gain of Rs. 7,700 during the day. The international rate of gold increased by $9 to $4,595 per ounce, with a premium of $20. Gold prices in Pakistan surged to an all-time high on Tuesday, with the price of one tola nearing the historic mark of Rs. 500,000, reflecting strong global trends and ongoing economic uncertainty.
According to market sources, the price of 24-karat gold rose sharply in the local bullion market, continuing a rally that has been building over the past several weeks. Dealers reported that the increase was driven mainly by rising international gold prices, a weaker Pakistani rupee, and growing demand for safe-haven assets amid global financial concerns. Internationally, gold has been trading at record levels as well, supported by geopolitical tensions, expectations of interest rate cuts by major central banks, and uncertainty in global markets. These factors have pushed investors toward gold, traditionally seen as a reliable store of value during uncertain times.
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In major cities including Karachi, Lahore, and Islamabad, gold traders said buying interest remained strong despite the high prices. Many investors are turning to gold to protect their savings from inflation and currency depreciation, while others are purchasing the precious metal in anticipation of further price increases. The surge in gold prices has also raised concerns about affordability and its impact on traditional buying patterns. While investors continue to see gold as a safe option, consumers are feeling the pressure of record-high costs.