Pakistan gold hits Rs499,962 per tola
Gold prices surge sharply as local and global rates rise further.Gold prices in Pakistan jumped sharply on April 14, with the All Pakistan Sarafa Gems and Jewellers Association fixing the 24-karat gold rate at Rs499,962 per tola, reflecting a single-day increase of Rs4,600.The price of 10 grams of 24-karat gold rose to Rs428,636 after gaining Rs3,943, while 22-karat gold reached Rs392,930 per 10 grams, up Rs3,614, according to official rates issued on Tuesday.
Read More: Gold Prices Rise Sharply Across Pakistan
The association said prices were calculated based on interbank exchange rates, indicating currency movements continue to influence domestic bullion markets.International gold prices also moved higher, reaching $4,776 per ounce, up by $46 in the global market. The rise in international rates has remained a key driver of local price trends, as Pakistan relies heavily on imported bullion benchmarks linked to global markets.Silver prices followed a similar upward trajectory.
The rate of silver per tola increased to Rs8,260 after a gain of Rs326, while 10 grams of silver climbed to Rs7,081, up Rs279. In the international market, silver prices rose to $77.76 per ounce, gaining $3.26 during the session.The sharp increase reflects continued volatility in global commodity markets, where gold has maintained its status as a safe-haven asset amid economic uncertainty.
Analysts say rising geopolitical tensions and persistent inflation concerns have pushed investors toward bullion, supporting record-high price levels in recent months.Pakistan’s gold market has remained highly sensitive to currency fluctuations.
The rupee’s movement against the US dollar directly impacts landed costs, amplifying global price changes in the local market. Dealers said interbank exchange rate adjustments played a significant role in Tuesday’s price surge.According to data from the World Gold Council, global gold demand remained strong through 2025, driven by central bank purchases and retail investment. Central banks, particularly in emerging markets, have continued to diversify reserves into gold, supporting sustained upward pressure on prices.In Pakistan, gold demand traditionally rises during wedding seasons and religious festivals, though elevated prices have dampened consumer purchasing power.
Traders report that retail activity has slowed as buyers delay purchases in anticipation of price corrections.Historical trends show gold has delivered strong returns in Pakistan during periods of economic stress. Over the past five years, local gold prices have more than doubled, largely due to currency depreciation and global price rallies. The current surge places prices near record highs, reflecting both domestic and international pressures.
Policy developments also continue to shape market dynamics. The State Bank of Pakistan has maintained tight monetary policy to control inflation, which remains elevated. Higher interest rates typically reduce demand for non-yielding assets like gold, but ongoing economic uncertainty has offset this effect.Globally, expectations regarding US Federal Reserve policy have influenced bullion markets.
Market participants are closely watching interest rate signals, as lower rates tend to support gold by reducing the opportunity cost of holding the metal.The steady rise in silver prices also indicates broader strength across precious metals. Silver, often considered both an industrial and investment metal, has benefited from increased demand in renewable energy and electronics sectors, alongside investment flows.
Market participants expect continued volatility in the near term, with prices likely to track global trends and currency movements. Traders said any sharp change in international prices or exchange rates could quickly reflect in local markets