The gold price in Pakistan rose sharply by Rs3,200 per tola on Thursday, bringing the rate of 24-karat gold to Rs354,700 amid a global surge in bullion prices. The price of 10 grams of 24-karat gold also increased by Rs2,743, settling at Rs304,414. According to recent X posts and market data, international gold prices climbed to $3,340 per ounce, reflecting increased investor demand during a period of global economic uncertainty.
The gold price in Pakistan has shown high volatility this week — dropping by Rs3,000 on Wednesday after gaining Rs1,600 the day before. In contrast, silver prices remained unchanged at Rs3,841 per tola and Rs3,293 per 10 grams. Analysts link the fluctuations to external factors like a stronger US dollar and broader investor shifts toward safe-haven assets.
Despite the ups and downs, local jewellers say consumer demand for gold jewellery remains solid, driven by cultural significance and its role as a secure investment. The All-Pakistan Gems and Jewellers Sarafa Association noted that the movement in the gold price in Pakistan is likely to continue in line with global market dynamics.
Published in SouthAsianDesk, July 10th, 2025
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