Gold continues to shine brighter in Pakistan as prices saw another upward trend on the second business day of the week. According to the All Pakistan Gems and Jewellers Association, the price of gold per tola (11.66 grams) has increased by PKR 300, bringing the total to PKR 342,800 per tola.
The price of 10 grams of gold also witnessed a hike, rising by PKR 257 to reach PKR 293,895.
This rise in local prices follows a slight increase in the international market, where gold prices climbed by $3 per ounce, pushing the global rate to $3,244 per ounce.
Just a day earlier, gold prices in Pakistan had jumped by PKR 4,000 per tola, setting the rate at PKR 342,500. Today’s slight bump continues the bullish trend, reflecting growing investor demand and global uncertainty.
Gold has long been viewed as a safe-haven asset, especially during times of inflation, political turmoil, or economic instability. In Pakistan, it remains a preferred choice for investment, savings, and wedding season shopping alike.
Last year, Pakistan adjusted its gold pricing mechanism, linking it to international market trends but with a $20 premium per ounce to reflect local market dynamics and handling costs.
As the US dollar and other foreign currencies fluctuate, gold continues to be a stable option for those looking to hedge against economic volatility.
For investors and buyers, staying updated with daily gold rates is crucial. Whether you’re planning to invest, buy jewelry, or simply track the market, current gold prices offer a window into both local and global economic trends.
