Gold Rate Jumps by Rs 16300 per tola
Gold prices in Pakistan surged sharply on Tuesday reflecting strong gains in international markets and currency-linked pricing.
Gold prices in Pakistan rose significantly as the All Pakistan Sarafa Gems and Jewellers Association reported a sharp increase across all major categories. The price of 24-karat gold per tola climbed to Rs464,062, marking a substantial rise of Rs16,300 in a single session.
The increase was mirrored in smaller weight measurements, with 10 grams of 24-karat gold reaching Rs397,858 after gaining Rs13,975. Similarly, 10 grams of 22-karat gold rose to Rs364,716, posting an increase of Rs12,811. These gains indicate a broad upward movement in domestic bullion rates, driven by higher benchmark pricing.Gold Prices Fall Rs13,900 per tola
International gold prices also recorded a notable increase, reaching $4,413 per ounce, up by $163. The rise in global bullion rates directly influenced local pricing, as domestic gold rates are linked to international markets and adjusted through interbank exchange rates.
Silver Prices
Silver prices followed the same upward trend in the local market. The price of silver per tola increased to Rs7,454, registering a gain of Rs570. Meanwhile, 10 grams of silver rose to Rs6,390 after adding Rs489. In international markets, silver prices climbed to $69.70 per ounce, up by $5.70 during the session.
The data released by the association showed that both gold and silver markets experienced synchronized increases across domestic and global benchmarks. The pricing structure remained based on interbank exchange rates, which play a critical role in determining local bullion values.
Market participants observed that the magnitude of the increase in gold per tola, exceeding Rs16,000, represents one of the more pronounced single-day movements in recent sessions. The rise in international gold by $163 per ounce further reinforced the upward trajectory in local markets.
The association confirmed that purity levels remained unchanged, with gold assessed at 24 karats and a purity standard of 999. This ensured consistency in pricing calculations across all reported categories.
The synchronized rise in both gold and silver suggests strong demand dynamics or pricing adjustments linked to global benchmarks. The increase in silver prices, both locally and internationally, indicates that the broader precious metals market moved upward in tandem during the session.
Traders typically monitor international bullion prices alongside currency movements when adjusting local rates. The reported figures highlight a direct transmission of global price changes into Pakistan’s domestic bullion market.
