The gold price in Pakistan saw a significant increase on Wednesday. The price of 24-karat gold rose by Rs3,000, reaching Rs321,000 per tola. This price jump was in line with global market trends, where the price of gold also went up.
Key Points
Global gold prices rise above $3,045 per ounce.
Gold price in Pakistan rises by Rs3,000 to Rs321,000 per tola (24-karat).
The price of 10-gram gold increases by Rs2,572 to Rs275,205.
Silver prices remain the same at Rs3,170 per tola.
Why Did Gold Prices Rise in Pakistan?
On April 9, 2025, the gold price in Pakistan jumped to Rs321,000 per tola for 24-karat gold. This rise is tied to the increase in global gold prices, where spot gold traded at around $3,045 an ounce, up 2.22% from the day before.
This price increase happened because investors are turning to gold as a safe investment. There are concerns about trade tensions, especially after U.S. President Donald Trump’s tariffs, and a weaker U.S. dollar. These global factors have pushed more traders to buy gold, which is seen as a safer investment in times of uncertainty.
Local Gold Price Details
The All-Pakistan Gems and Jewelers Sarafa Association (APGJSA) has stated:
- 24-karat gold: Rs321,000 per tola
- 10-gram (24-karat): Rs275,205
- 22-karat gold: Rs252,280 per 10-gram
- 24-karat silver: Rs3,170 per tola (unchanged)
- 10-gram silver: Rs2,717 (unchanged)
Silver rates showed no change, in contrast to the significant rise in gold prices. This shows that gold is becoming more valuable in the local market.
Expert Opinion on Gold Prices
“Gold prices are going up because of global tensions and the expectation of lower interest rates in the U.S.,” said Asad Haroon, a senior market expert. He also mentioned that many local investors are buying gold as protection against inflation and currency devaluation.
Looking Ahead: What’s Next for Gold Prices?
In conclusion, the gold price in Pakistan is expected to stay high due to both local and global factors. Global tensions and the possibility of lower U.S. interest rates should continue to support higher gold prices.
If the price of gold keeps rising, we might see it break past Rs325,000 per tola soon.
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