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Gold Price in Pakistan Jumps by Rs. 1200 Per Tola

Gold Price in Pakistan Jumps by Rs. 1200 Per Tola

Gold has once again captured the attention of the people in Pakistan as its price surged sharply. The new hike has brought both opportunities and challenges—while investors may welcome the increase, ordinary buyers, especially those purchasing jewelry for weddings or personal use, are now facing higher costs.


Current Gold Prices in Pakistan

According to the latest update from the All Pakistan Gems and Jewellers Association, the price of gold in the country has seen a notable rise:

  • The price of one tola of gold has increased by Rs. 1,200, making the new rate Rs. 363,800.
  • The price for 10 grams of gold also went up by Rs. 943, reaching Rs. 311,814.
  • Meanwhile, in the international market, gold rose by $12 per ounce, pushing the global price to $3,411 per ounce.

Why is Gold Becoming More Expensive?

The rise in gold prices is not just a local issue—it is a global phenomenon influenced by several factors. Some of the key reasons include:

  • Global Market Shifts: Since gold is traded worldwide, any rise in international rates directly impacts Pakistan’s local market.
  • Currency Exchange Fluctuations: A weaker Pakistani rupee against the US dollar makes imported gold more expensive.
  • Economic Uncertainty: Gold is often seen as a “safe asset” during times of inflation, political instability, or economic crises.
  • High Demand in Local Market: Demand from jewelers and individuals buying for weddings or investment adds further pressure on prices.

Impact on Different Groups

The increase in gold prices affects people differently:

  • Jewelry Buyers
    For families preparing for weddings or festivals, the higher rates mean increased costs. Many may delay purchases or switch to lighter designs to manage budgets.
  • Investors
    Those who invested in gold earlier are likely to benefit as their holdings gain more value. For new investors, however, the high entry cost may be a hurdle.
  • Traders and Jewellers
    While prices are up, jewellers might actually see reduced sales as fewer customers can afford to buy. This creates a mixed situation for the jewelry market.

Global Gold Trends

The international market plays a crucial role in determining local gold prices. With the global price now standing at $3,411 per ounce, the trend suggests continued uncertainty in world economies. This rise often reflects global events such as inflation in the US, oil price fluctuations, and shifts in stock markets.


Frequently Asked Questions (FAQs)

What is the price of gold per tola in Pakistan today?

The current rate stands at Rs. 363,800 per tola.

How much is 10 grams of gold?

It is now priced at Rs. 311,814.

What is the global gold rate right now?

The international gold price has reached $3,411 per ounce after a $12 increase.

Why does the gold price change daily?

Gold rates depend on international market movements, currency values, and local demand, which change almost every day.

Is this a good time to invest in gold?

Gold is usually considered a safe long-term investment. However, buyers should carefully analyze their financial situation and market conditions before making a decision.

Conclusion

The latest increase in gold prices by Rs. 1,200 per tola has pushed Pakistan’s rates to an all-time high of Rs. 363,800. While this brings profits for existing investors, it creates difficulties for jewelry buyers and traders. Since gold prices are tied closely to international markets, fluctuations are expected to continue. For now, gold remains both a safe investment option and a costly purchase for ordinary consumers.

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