Gold prices in Pakistan soared once again, reaching a record high as international market trends continued to push rates upward. The price of 24-karat gold increased by Rs800 per tola, settling at Rs356,900 on Thursday, marking a sharp reversal from the weekend’s dip.
Similarly, the price of 10 grams of gold rose by Rs684, now priced at Rs305,984. The hike follows a significant drop on Saturday, when gold had fallen by Rs2,300 to Rs342,200 per tola, causing uncertainty among traders and investors.
The surge has been largely driven by consistent gains in the global gold market. The international price per ounce stood at $3,385, including a $20 premium, showing a daily gain of $8. This upward momentum has influenced domestic pricing patterns across all major cities in Pakistan.
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Silver prices also mirrored the bullish trend, increasing by Rs43 per tola. The new rate for silver now stands at Rs3,425 per tola across the country.
Analysts believe that ongoing geopolitical tensions and inflationary concerns are pushing investors towards safe-haven assets like gold. With global markets remaining volatile, further fluctuations in local prices are expected in the coming days.
Here is a summary of the latest rates across key cities:
Latest Gold and Silver Prices in Major Cities
| City | Gold (24K per tola) | Silver (per tola) |
|---|---|---|
| Karachi | Rs356,900 | Rs3,425 |
| Lahore | Rs356,900 | Rs3,425 |
| Islamabad | Rs356,900 | Rs3,425 |
| Peshawar | Rs356,900 | Rs3,425 |
| Quetta | Rs356,900 | Rs3,425 |
| Sialkot | Rs356,900 | Rs3,425 |
| Hyderabad | Rs356,900 | Rs3,425 |
| Faisalabad | Rs356,900 | Rs3,425 |
Gold Price Trends in Pakistan This Week
| Date | 24K Gold (per tola) |
|---|---|
| 30 April | Rs345,800 |
| 29 April | Rs349,200 |
| 28 April | Rs347,100 |
| 25 April | Rs348,700 |
| 24 April | Rs352,000 |
| 23 April | Rs352,000 |
| 22 April | Rs363,700 |
