Karachi, January 10, 2025 – Gold prices in Pakistan witnessed an upward trend on Friday, rising to Rs 279,400 per Tola amid an increase in international market rates. This marks a significant development for the local bullion market as demand for gold continues to be influenced by global and domestic factors.
The price of 24-karat gold per Tola in Pakistan increased by Rs 1,100 from the previous day’s closing rate of Rs 278,300. This steady climb reflects the dynamics of the international bullion market and its impact on Pakistan gold prices. It is worth noting that gold prices in Pakistan had reached an all-time high of Rs 287,900 per Tola on October 30, 2024.
Similarly, the price of 24-karat gold per 10 grams also rose, ending the day at Rs 239,540. This marks an increase of Rs 943 compared to the last day’s closing rate of Rs 238,597, underlining a consistent rise in Pakistan gold prices.
Experts in the bullion market have attributed this price surge to several factors, including the uptick in international gold rates. In the global market, gold gained $11, reaching $2,676 per ounce from the previous day’s closing of $2,665. Rising commodity prices and political uncertainties have contributed to heightened demand for safe-haven assets like gold, directly impacting Pakistan gold prices.
The local market’s performance aligns with global trends, as investors often turn to gold as a hedge against economic instability. Pakistan’s gold market has been particularly sensitive to fluctuations in the international bullion trade, with local prices frequently reflecting global movements.
The increasing trend in Pakistan gold prices highlights the role of international market dynamics in shaping domestic rates. High global demand and economic factors such as currency depreciation and inflation have further bolstered the rise in gold prices within Pakistan.
As the international bullion market remains volatile, Pakistan’s gold market is expected to follow suit. The recent price increase underscores the importance of tracking global trends for better insights into the future trajectory of Pakistan gold prices. Investors and consumers alike are advised to monitor these developments closely in the coming weeks.