Pakistan gold price rises to Rs497,662 per tola
Gold prices in Pakistan increased on April 10, tracking global gains amid currency stability and rising international bullion rates.
Gold prices in Pakistan moved higher on Friday, with the rate of 24-karat gold per tola rising by Rs3,000 to Rs497,662, according to data released by the All Pakistan Sarafa Gems and Jewellers Association. The increase reflects continued volatility in both domestic and international bullion markets.Gold Prices Rise Sharply Across Pakistan
The price of 10 grams of 24-karat gold also climbed by Rs2,572 to Rs426,664, while 22-karat gold rose to Rs391,122 per 10 grams, up Rs2,357. The upward movement follows a rebound in global gold prices and stable exchange rate conditions in the local market.
Internationally, gold prices increased by $30 to $4,753 per ounce, supported by a softer US dollar and persistent geopolitical uncertainty. Analysts say safe-haven demand remains strong as investors react to ongoing tensions in the Middle East and shifting expectations around US interest rates.
Silver prices also registered gains in both local and global markets. In Pakistan, silver per tola rose by Rs130 to Rs8,014, while the rate for 10 grams increased by Rs111 to Rs6,870. In international markets, silver prices gained $1.30 to reach $75.30 per ounce.
Pakistan’s gold market has remained highly sensitive to currency movements and international price trends. The local bullion rates are largely derived from global prices and interbank exchange rates, making them vulnerable to external shocks. According to the Pakistan Bureau of Statistics, gold prices in the domestic market have surged significantly over the past two years amid inflationary pressures and rupee depreciation.
The rupee’s relative stability in recent sessions has provided some support to price consistency. The State Bank of Pakistan has maintained a cautious monetary stance to stabilize inflation and the exchange rate, which indirectly influences gold pricing. Analysts note that even small fluctuations in the rupee-dollar parity can significantly impact local bullion rates.
Historically, gold has served as a hedge against inflation and currency depreciation in Pakistan. Demand typically rises during periods of economic uncertainty, particularly when inflation remains elevated. According to the State Bank’s financial stability review, investment in gold tends to increase when real interest rates remain low or negative.
Recent global trends have also played a key role in shaping domestic prices. International bullion markets have seen strong demand due to geopolitical risks and expectations of monetary easing by major central banks. The US Federal Reserve’s policy outlook remains a critical factor, as lower interest rates generally support higher gold prices.
Market participants said short-term price direction will depend on global economic data and geopolitical developments. Any escalation in regional conflicts or delays in interest rate adjustments could push gold prices higher. Conversely, stronger economic data and a firmer dollar may limit gains.
Pakistan’s bullion market is expected to remain volatile in the near term, with prices closely tracking international movements. Analysts advise investors to monitor global cues and currency trends when assessing future price direction.
The latest increase underscores the continued linkage between Pakistan’s gold rates and global commodity dynamics, with domestic prices likely to remain elevated if international gold sustains its upward trajectory.