Gold Prices in Pakistan Hit Record High, Near Rs. 450,000 Per Tola

Gold prices in Pakistan continued their record-breaking rally on Wednesday, mirroring strong gains in the international market as investors turned to gold amid global uncertainty and inflation concerns.

According to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola increased by Rs. 5,800, reaching Rs. 440,900  the highest level ever recorded in the country. Meanwhile, the price of 10 grams of gold climbed by Rs. 4,972 to Rs. 378,000.

This surge follows Tuesday’s steep rise, when the per tola rate jumped to Rs. 435,100 after an increase of Rs. 6,900.

On the global stage, gold prices also reached unprecedented levels. APGJSA reported that the international gold rate hit $4,198 per ounce, including a $20 premium, representing a gain of $58.

Silver prices in Pakistan showed a modest uptick as well, rising Rs. 90 to settle at Rs. 5,337 per tola.

Globally, spot gold traded at $4,173.56 per ounce, up 0.8%, after touching an all-time high of $4,186.68 earlier in the session. Meanwhile, U.S. gold futures for December delivery gained 0.7%, reaching $4,192.90.

Market experts attribute this strong momentum to renewed U.S.China trade tensions and expectations of upcoming interest rate cuts by the U.S. Federal Reserve. Both factors have boosted the demand for gold as a safe-haven investment.

Analysts suggest that the Rs. 450,000 per tola mark could be breached soon if the international market continues its current pace. “Global pressure, a weaker rupee, and rising inflation are all driving local gold prices upward,” said a Karachi-based jeweller.

With the precious metal setting new highs daily, gold remains the preferred choice for investors and households looking for financial security amid economic uncertainty.