KARACHI, April 10 – Gold prices in Pakistan rose sharply on Friday, tracking gains in international markets, with the price of the precious metal increasing by Rs3,000 per tola in the domestic bullion market.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold climbed to Rs497,662 per tola, up from the previous day’s closing of Rs494,662.
Similarly, the price of 24-karat gold per 10 grams increased by Rs2,572 to Rs426,664, compared with Rs424,092 a day earlier.
Despite the latest increase, gold prices remain below the all-time high of Rs572,862 per tola recorded on January 29, 2026.
Market experts attributed the upward movement in domestic prices to a surge in global gold rates. In international markets, gold prices rose by $30 per ounce, reaching $4,753, reflecting continued volatility driven by geopolitical tensions and global trade uncertainties.
Analysts said investors are increasingly turning to gold as a safe-haven asset amid ongoing economic uncertainty and fluctuating currency markets. The trend has supported bullion prices globally, which in turn impacts local rates in Pakistan.
The domestic gold market typically mirrors international price movements, adjusted for currency exchange rates and local demand dynamics. Traders noted that fluctuations in the Pakistani rupee against the U.S. dollar also play a role in determining local gold prices.
Dealers expect gold prices to remain volatile in the near term, with global economic developments and geopolitical risks likely to influence market direction.