Gold Tola Price Hits Historic Rs357,800 Amid Global Uncertainty

The gold tola price in Pakistan surged to a record high on Monday, reflecting both local demand and global market shifts.

Key Highlights:

• 24-karat gold reached Rs357,800 per tola, up by Rs8,100.
• 10-gram 24-karat gold was priced at Rs306,755, rising by Rs6,944.
• 22-karat gold stood at Rs281,202 per 10-gram, also higher than before.
• Silver prices went up to Rs3,441 per tola and Rs2,950 per 10-gram.
• Global spot gold was priced at $3,315 per ounce, showing a 0.04% increase from the previous session.

Market Overview: What’s Driving This Surge?

The rise in the gold tola price comes amid persistent global uncertainties and local market dynamics.

Recent changes in the US economy have been a key factor in driving investors towards gold. Political unrest, especially around former US President Donald Trump’s ongoing tariff debates, has deepened market uncertainty. These geopolitical tensions often fuel demand for safer assets like gold.

In Pakistan, currency depreciation and inflationary pressures continue to drive up local gold prices. The combination of international triggers and local economic strain makes gold a preferred hedge for many investors.

Internal Trends and Market Response

The All-Pakistan Gems and Jewelers Sarafa Association (APGJSA) says this price increase is part of a larger trend. Over the past month, gold has climbed by Rs39,800 per tola, while the fiscal year-to-date (FYTD) rise stands at Rs116,100.

Similarly, silver has seen movement too—rising Rs24 per tola on the day, though still showing a month-on-month decline. This uptick suggests a potential catch-up trend driven by industrial demand and investment diversification.

Explore gold trading signals and updates to better understand how these price shifts could impact your portfolio.

Technical Analysis: What the Charts Say

From a technical standpoint, gold continues to push past key resistance levels. With global spot gold hovering near $3,315, it is approaching psychological resistance at $3,320. If breached, the next upside target is $3,350, while support holds at $3,275.

Locally, the gold tola price aligns with strong bullish momentum. Technical indicators like the Relative Strength Index (RSI) and Moving Averages show continued upside unless new economic data shifts sentiment.

Expert Insight and Market Sentiment

According to commodities analyst Imran Siddiqui, “This price movement reflects a growing flight to safety among investors worldwide. Gold remains a preferred asset during uncertain times.”

Economic expert Sarah Zafar adds, “Pakistan’s inflation and rupee volatility will continue to exert upward pressure on domestic bullion prices.”

Conclusion: What to Expect Moving Forward

The gold tola price hitting Rs357,800 indicates strong demand and optimism, both locally and globally. Market participants are likely to keep their eyes on US policy changes, inflation reports, and geopolitical tensions.

Given the upward trajectory, gold could see further gains, particularly if current macroeconomic trends persist.

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