KARACHI: Gold prices in Pakistan witnessed a notable increase on the latest trading day, reflecting trends in the international bullion market and local demand dynamics. According to the All Pakistan Gems and Jewellers Association, the price of gold per tola has risen by Rs4,800, taking the new rate to Rs472,062.

The increase has also impacted smaller weight categories. The price of 10 grams of gold climbed by Rs4,116, reaching Rs404,717. Market analysts attribute the rise to fluctuations in global gold prices and currency exchange rates, which directly influence local bullion markets.

Gold prices in Pakistan are closely linked to international market trends, as well as the value of the Pakistani rupee against the US dollar. Any increase in global prices or depreciation of the local currency typically results in higher domestic rates.

Gold tumbles in Pakistan as global rates slide, per tola drops Rs11,000

In the global market, gold prices also recorded an upward trend. The price of gold per ounce increased by $48, reaching $4,493. This rise in international prices has contributed to the surge seen in local markets.

Jewellers and traders note that price volatility has remained high in recent weeks, driven by global economic uncertainty and changing investment patterns. Gold is often considered a safe-haven asset, and demand tends to rise during periods of financial instability.

The latest increase may affect consumer buying patterns, particularly in the wedding season and for investors who rely on gold as a store of value. Despite fluctuations, gold continues to hold importance in Pakistan’s cultural and economic landscape, both as an investment and for traditional use.

Market observers suggest that further movements in gold prices will depend on global economic conditions, currency trends, and investor sentiment in the coming days.