Gold, silver prices climb in Pakistan in weekly surge

gold and silver rates update

KARACHI, April 19 — Gold and silver prices in Pakistan rose sharply in the week ended April 18, tracking gains in international markets and sustained local demand, industry data showed.

According to the All Pakistan Sarafa Gems and Jewellers Association, domestic bullion rates increased across all major categories compared with the previous week, reflecting a broader upward trend in precious metals.

The price of 24-karat gold per tola rose by Rs9,100 to Rs506,062, while 24-karat gold per 10 grams increased by Rs7,802 to Rs433,866. Similarly, 22-karat gold per 10 grams climbed by Rs7,252 to Rs397,724.

Silver prices also followed the upward trajectory. The rate of 24-karat silver per tola rose by Rs498 to Rs8,562, and per 10 grams increased by Rs427 to Rs7,340.

Global bullion markets showed a similar pattern, with gold prices gaining $91 per ounce to reach $4,837, while silver rose $4.98 per ounce to $80.78.

Below is a comparison of weekly prices:

CommodityApril 18April 11Change
Gold 24K (per tola)Rs506,062Rs496,962+Rs9,100
Gold 24K (per 10g)Rs433,866Rs426,064+Rs7,802
Gold 22K (per 10g)Rs397,724Rs390,472+Rs7,252
Gold (per ounce, global)$4,837$4,746+$91
Silver 24K (per tola)Rs8,562Rs8,064+Rs498
Silver 24K (per 10g)Rs7,340Rs6,913+Rs427
Silver (per ounce, global)$80.78$75.80+$4.98

Analysts said the rise in local prices was driven primarily by international market trends, as well as currency movements of the Pakistani Rupee against the United States dollar.

They added that safe-haven demand amid global economic uncertainty continued to support bullion prices, while domestic buying interest ahead of the wedding season may also have contributed to the uptick.