Gold Prices in Pakistan Break Records, Racing Toward Rs. 400,000 Mark

Gold Prices in Pakistan have once again made headlines as rates reached historic levels, racing toward the Rs. 400,000 per tola mark. On Monday, the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported that the per tola price of gold surged by Rs. 3,400, taking it to Rs. 393,700. Similarly, the price of 10 grams climbed by Rs. 2,915, now standing at Rs. 337,534.

This sharp rise came right after Saturday’s increase when the price stood at Rs. 390,300 following a Rs. 1,700 gain.

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International Gold Market’s Impact on Pakistan

The local market is closely tied to international trends, and the surge was influenced by rising global prices. On the same day, the international gold rate recorded $3,719 per ounce, including a $20 premium. This reflected a $34 increase during the trading session.

This shows how strongly the international gold market affects Pakistan, where even a small global price change quickly impacts local buyers and jewellers.

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Silver Prices Also See an Increase

It’s not only gold that is witnessing higher rates. Silver also followed the trend with a significant rise. The price of silver increased by Rs. 63 per tola, reaching Rs. 4,595. Investors and jewellers are now paying closer attention to silver as well, as it often moves in line with gold.

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Why Are Gold Prices in Pakistan Increasing?

Several factors are driving the increase in gold prices in Pakistan:

1. Global Economic Uncertainty – Whenever the international economy faces inflation, wars, or financial instability, gold prices tend to rise.
2. US Dollar Strength – The value of the Pakistani rupee compared to the US dollar plays a big role in local gold rates.
3. High Demand – In Pakistan, demand for gold remains strong, especially in wedding seasons and festive occasions.
4. International Market Trends – Any changes in the New York or London bullion markets have a direct effect on Pakistan’s rates.

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Impact on Pakistani Buyers and Investors

The surge in gold prices has created mixed emotions among people in Pakistan.

• Jewellery Buyers: Families planning weddings are facing higher costs, as gold jewellery is an important part of Pakistani weddings.
• Investors: Those who invested in gold earlier are seeing profits and considering holding their assets longer.
• Traders: Jewellers are reporting higher activity, but many customers are also delaying purchases, waiting for prices to stabilize.

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Historical Gold Price Trends in Pakistan

In the past decade, gold prices in Pakistan have continuously moved upward, with occasional short-term drops. The Rs. 400,000 per tola mark was once unimaginable, but now it’s just a small step away. Experts believe that if the international market continues to remain uncertain, gold prices may even cross this psychological barrier soon.

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Expert Opinions on Future Gold Prices in Pakistan

Market experts are divided about the future of gold prices:

• Optimists believe that gold will continue to rise as long as inflation and currency devaluation remain high.
• Cautious Analysts suggest that while gold prices are currently strong, any global economic stability could bring them down slightly.
• Jewellers in Pakistan say that demand is still strong, but many customers are buying lighter jewellery or smaller pieces to adjust to higher costs.

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Should You Buy Gold Now?

For many Pakistanis, gold is not just jewellery but also a trusted investment. With prices this high, the big question is whether to buy now or wait.

• If you are an investor, gold can still be a safe long-term asset.
• If you are a buyer for weddings, delaying purchases may not help, as prices usually keep climbing during uncertain times.
• If you want small investments, buying silver could also be an option since it is still more affordable.

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Final Thoughts

Gold Prices in Pakistan are touching record-breaking levels, bringing both challenges and opportunities. For jewellery buyers, the rising prices are worrying, while for investors, the surge offers good returns. With the international market still volatile, gold is expected to remain in the spotlight in the coming weeks.