International bullion jumps to $4,185 per ounce as safe-haven demand fuels sharp rally
KARACHI: Gold prices in Pakistan extended their strong upward momentum on Friday, with the precious metal surging Rs12,200 per tola in a single session, taking the cumulative gain over the past two trading days to Rs21,300 amid a sharp rally in international bullion markets.
According to the All Pakistan Gems and Jewellers Association (APGJA), the price of 24-karat gold climbed to Rs440,036 per tola, up from Rs428,736 recorded in the previous trading session.
The price of 24-karat gold per 10 grams also increased by Rs10,459 to Rs378,031, compared with Rs367,572 a day earlier.
Gold Prices in Pakistan
| Category | Previous Price | Current Price | Change |
| 24-karat Gold (per tola) | Rs428,736 | Rs440,036 | +Rs12,200 |
| 24-karat Gold (per 10 grams) | Rs367,572 | Rs378,031 | +Rs10,459 |
| International Gold (per ounce) | $4,063 | $4,185 | +$122 |
International Gold Rally Lifts Local Market
The rally in Pakistan’s bullion market mirrored strong gains in international prices, where gold rose by $122 per ounce to $4,185, compared with $4,063 in the previous session.
Bullion dealers attributed the sharp increase in local prices to renewed demand for safe-haven assets in global markets and improving investor sentiment towards gold.
Two-Day Gain Reaches Rs21,300
Friday’s increase follows Thursday’s strong rebound, lifting local gold prices by a cumulative Rs21,300 per tola over the past two trading sessions.
The latest rally marks one of the strongest short-term increases in Pakistan’s bullion market this year and reflects the rapid recovery in international gold prices after recent weakness.
Outlook
Market analysts said domestic gold prices will continue to track movements in international bullion markets and fluctuations in the rupee-dollar exchange rate.
Investors are also closely monitoring global economic developments, geopolitical risks and monetary policy expectations, all of which are expected to remain key drivers of gold prices in the coming weeks.