Gold rates jump in Pakistan
Gold prices rise sharply across Pakistan, tracking higher international bullion rates and interbank-linked pricing benchmarks.
Gold prices in Pakistan increased on Tuesday, , with the local market reflecting gains in international bullion and currency-linked benchmarks, according to rates issued by the All Pakistan Sarafa Gems and Jewellers Association.
The price of 24-karat gold per tola rose to Rs 478,762, posting an increase of Rs 2,800 on the day. The rate for 10 grams of 24-karat gold climbed to Rs 410,461, marking a gain of Rs 2,401. Similarly, 10 grams of 22-karat gold reached Rs 376,269 after rising by Rs 2,201.International gold prices also moved higher, with bullion quoted at $4,560, up by $28 during the session.
The increase in global prices aligned with the upward adjustment seen in Pakistan’s domestic market, which is calculated based on interbank exchange rates.Silver prices followed the same trend on the day. The rate of silver per tola stood at Rs 7,784 after an increase of Rs 260. The price for 10 grams of silver reached Rs 6,673, gaining Rs 223. In international markets, silver was quoted at $73.00, reflecting an increase of $2.60.Market participants said the upward movement in local bullion prices mirrored gains in international markets, combined with exchange rate adjustments.
The pricing mechanism used by the association links domestic gold rates to global benchmarks and prevailing interbank currency levels.The rates are issued with a purity standard of 999 for 24-karat gold, ensuring uniform pricing across major bullion markets in the country. Traders typically adjust retail prices based on these benchmarks, along with making charges and regional demand variations.
The All Pakistan Sarafa Gems and Jewellers Association publishes daily rates that serve as a reference for traders, investors, and consumers. These rates are widely followed in major cities, including Karachi, Lahore, and Islamabad, where gold trading volumes remain significant.Gold continues to be viewed as a key store of value in Pakistan, especially during periods of currency fluctuations and inflationary pressure. Investors often turn to bullion as a hedge against economic uncertainty, which can amplify price movements during global rallies.The increase recorded on March 31 reflects continued volatility in precious metals markets, with both gold and silver showing synchronized gains. The alignment between domestic and international prices indicates strong transmission of global trends into Pakistan’s bullion market.Going forward, gold rates in Pakistan are expected to remain sensitive to international price movements and interbank exchange rate fluctuations, with the All Pakistan Sarafa Gems and Jewellers Association continuing to play a central role in setting daily benchmarks.