Pakistan gold rates jump, 24K hits Rs472,062

Gold prices surge sharply as local and global rates rise further

Gold prices in Pakistan rose sharply on Saturday, with the 24-karat rate reaching Rs472,062 per tola, according to figures released by the All Pakistan Sarafa Gems and Jewellers Association.

The latest data showed an increase of Rs4,800 per tola compared to the previous session, reflecting continued upward momentum in the domestic bullion market. The price of 24-karat gold per 10 grams also climbed to Rs404,717, marking a rise of Rs4,116.

Similarly, 22-karat gold prices moved higher, with 10 grams recorded at Rs371,004, up by Rs3,774 during the same trading period. The increase in local prices aligned with gains in international markets, where gold was quoted at $4,493 per ounce, up by $48.Gold rates drop sharply

Market data indicated that silver prices remained unchanged despite the surge in gold rates. Silver was recorded at Rs7,454 per tola, showing no variation from previous levels. The price of 10 grams of silver also held steady at Rs6,390.

Internationally, silver prices remained flat at $69.70 per ounce, indicating limited movement in the white metal compared to gold’s upward trend. The divergence suggested stronger investor interest and demand in gold relative to silver during the session.

The association stated that domestic gold rates are linked to interbank exchange rates, which play a key role in determining local bullion pricing. Fluctuations in currency values and international benchmarks directly impact retail and wholesale rates across Pakistan.

The latest increase reflects sustained pressure on gold prices, with both local and international markets moving in tandem. The rise of $48 in global rates translated into a significant jump in domestic prices, highlighting the sensitivity of Pakistan’s bullion market to external price shifts.

Traders said the consistent upward movement in gold prices is influencing buying patterns in major markets, with investors closely tracking international trends. The sharp increase in a single session indicates strong momentum in the precious metals market.

The pricing data was issued under the authority of the All Pakistan Sarafa Gems and Jewellers Association, which sets benchmark rates for gold and silver across the country. These rates are widely used by traders, retailers, and investors for daily transactions.

The association also confirmed that gold purity levels remain at 999 for 24-karat standards, ensuring consistency in quality across the market. Pricing is calculated based on standardized purity benchmarks and prevailing international rates.

The continued rise in gold prices is expected to impact jewelry demand and investment decisions in the coming sessions. Market participants are likely to monitor further movements in international gold prices and exchange rates for future direction.

With gold reaching Rs472,062 per tola, the domestic market is witnessing one of its higher price levels, reinforcing the metal’s role as a key investment asset. The All Pakistan Sarafa Gems and Jewellers Association is expected to continue adjusting rates in line with global trends and interbank exchange movements.