Gold prices in Pakistan witnessed a steep rise on Monday, 5 May 2025, setting new records in the local market. According to figures released by the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola surged by Rs. 7,800, reaching an all-time high of Rs. 350,000.
The cost of 10 grams of 24-karat gold also increased significantly, climbing by Rs. 6,687 to settle at Rs. 300,068. Meanwhile, the rate for 10 grams of 22-karat gold rose to Rs. 275,072, reflecting a gain of Rs. 6,130.
This sharp upward movement coincides with a global rally in precious metals. Gold prices in the international market jumped by $76, now trading at $3,316 per ounce. Analysts have linked this momentum to rising investor interest driven by economic uncertainty and shifts in global financial trends. The safe-haven appeal of gold remains strong, particularly during periods of market volatility and inflationary concerns.
Read More: Gold Price in Pakistan Today – Latest Rates & Trends
Silver prices also experienced a notable climb. In the local market, 24-karat silver per tola increased by Rs. 43, now priced at Rs. 3,425. Similarly, 10 grams of silver saw a Rs. 37 rise, reaching Rs. 2,936. Internationally, silver prices went up by $0.43 to trade at $32.43 per ounce.
Precious metal prices are typically influenced by a combination of global demand, currency exchange rates, and investor behaviour. Local rates are adjusted based on the prevailing interbank dollar rate, making them a key barometer for traders and market watchers assessing inflation and economic trends.