Gold Price in Pakistan Inches Closer to Rs. 450,000 Amid Global Market Surge

The gold price in Pakistan has reached new record heights once again, reflecting a strong upward trend in the global bullion market. On Wednesday, the price of gold per tola hit Rs. 440,900, marking an increase of Rs. 5,800 within a single day.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10 grams of gold stood at Rs. 378,000, after gaining Rs. 4,972 compared to the previous day. This sharp surge follows Tuesday’s record rate of Rs. 435,100 per tola, which had already surprised investors and consumers alike.

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Global Gold Prices Hit New Record Levels

The dramatic rise in gold prices in Pakistan mirrors the situation in the international market. Globally, the price of gold climbed to $4,198 per ounce (including a $20 premium), showing a strong gain of $58.

Gold futures in the United States for December delivery also rose 0.7% to $4,192.90, while spot gold traded at $4,173.56 per ounce just below its all-time record of $4,186.68.

Experts attribute this surge to renewed global economic uncertainty, particularly surrounding the U.S.–China trade tensions and expectations of upcoming U.S. interest rate cuts. When investors feel uncertain about global markets, they often turn to gold as a safe-haven asset, which increases its demand and pushes prices higher.

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Why Gold Prices Are Rising in Pakistan

Pakistan’s gold market closely follows the international price trends since the country imports gold. When global prices rise, domestic rates adjust accordingly. However, other local factors also influence the cost, including:

• Currency Exchange Rate: The depreciation of the Pakistani rupee against the U.S. dollar makes gold imports more expensive.
• Inflation: With inflation on the rise, investors prefer to hold assets like gold that can preserve value over time.
• Economic Uncertainty: Ongoing political and financial instability increases people’s tendency to invest in gold as a safe option.

Jewellers across Pakistan have confirmed that demand remains high despite soaring prices, as many consumers continue to view gold as a stable long-term investment.

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Silver Prices Also Record a Sharp Increase

The rally isn’t limited to gold alone. Silver prices in Pakistan also rose notably, increasing by Rs. 90 to reach Rs. 5,337 per tola in the local market. Globally, silver has benefited from similar market forces, with its price being supported by industrial demand and investor interest.

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Investors and Traders React to the Price Surge

Market experts believe that this continuous rise may push gold prices in Pakistan even closer to Rs. 450,000 per tola in the coming days if global trends persist.

Jewellers in Karachi and Lahore report that some customers are now shifting toward lighter jewelry designs to manage costs. Meanwhile, investors are holding onto their gold assets, expecting prices to climb even higher in the short term.

Financial analysts also suggest that if the U.S. Federal Reserve continues to ease its monetary policies or if global tensions worsen, gold could remain bullish throughout the remainder of the year.

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Should You Invest in Gold Now?

With the gold rate in Pakistan reaching record highs, potential investors are wondering whether it’s the right time to buy. Experts advise caution while gold is a reliable long-term investment, purchasing during a price peak can limit short-term profits.

However, those seeking financial safety during uncertain times still consider gold a smart hedge against inflation and currency fluctuations.

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The Road Ahead for Gold Prices

If the current economic climate continues, both globally and locally, gold prices may continue to rise. The combination of economic uncertainty, interest rate cuts, and weaker currencies across multiple countries is fueling this trend.

Whether for investment or traditional reasons, gold remains deeply connected to Pakistan’s economy and culture. For now, the gold price in Pakistan shows no signs of cooling down and consumers will be watching closely as it inches toward the Rs. 450,000 mark.