Islamabad: Gold prices in Pakistan have recorded a cumulative increase of nearly Rs9,000 per tola in recent days, reflecting volatility in international bullion markets and currency movements.

According to market data from Sarafa Bazaar, the price of 24-karat gold is currently around Rs526,962 per tola. The rate stood near Rs518,500 earlier, marking an overall increase of approximately Rs8,462 per tola.

Similarly, the price of 24K gold per 10 grams has also risen in line with the per tola increase. Market analysts attribute the upward movement to fluctuations in global gold prices, changes in the US dollar index and domestic demand trends.

Gold prices in Pakistan are directly influenced by international bullion rates and the exchange rate between the Pakistani rupee and the US dollar. Any shift in global investor sentiment, geopolitical tensions or central bank policies can impact local prices.

Traders say daily rates may vary slightly between cities including Karachi, Lahore, Islamabad and Rawalpindi, depending on market activity and supply conditions.

Gold remains a preferred investment and hedge instrument in Pakistan, particularly during periods of economic uncertainty and currency pressure.