Gold Price in Pakistan Today: Rs. 359800 Per Tola

Gold has always held a special place in the hearts of people in Pakistan, not only as jewelry for weddings and celebrations but also as a trusted investment. Over the weekend, the country witnessed another dramatic rise in gold prices, leaving buyers worried and investors hopeful.

According to recent updates, the price of gold per tola (approximately 11.66 grams) surged by Rs. 4,100, bringing the new rate to Rs. 359,800 per tola. This increase is one of the most significant jumps in recent months, and it mirrors a similar upward trend in the international gold market.

Local Market Sees Sharp Hike

The All Pakistan Sarafa Association, which tracks and updates gold prices across the country, confirmed the rise. Their latest figures show:

• Gold per tola: Increased by Rs. 4,100, now at Rs. 359,800.
• 10 grams of gold: Increased by Rs. 3,515, now at Rs. 308,470.

For ordinary households, this means that gold jewelry has become more expensive, especially for families preparing for weddings or festive occasions. For traders and investors, however, the surge signals growing demand and stronger investment returns.

The Global Picture

The rise in Pakistan’s gold prices is closely linked to the international market. Globally, gold prices saw a sharp rise of $41 per ounce, reaching $3,371 per ounce.

This international surge is influenced by several factors:

• Global economic uncertainty – Investors worldwide see gold as a “safe-haven” asset during times of crisis.
• Inflation – Rising costs of living push people toward more stable investments.
• Currency fluctuations – The weakening of local currencies against the US dollar often drives up gold prices globally.

As Pakistan is an import-dependent country for gold, changes in the international market directly affect local prices.

Why Gold Prices Keep Rising

Several interconnected reasons explain the consistent rise in gold prices in Pakistan:

• Currency Pressure – The Pakistani rupee has been under pressure, which raises import costs.
• Investor Confidence – More people are turning to gold as a safer investment compared to stocks or real estate.
• Cultural Demand – Weddings and festivals in Pakistan traditionally require heavy gold jewelry, creating seasonal spikes in demand.
• International Market Trends – Local prices cannot escape the ripple effects of global gold shifts.

Effects on Buyers and Traders

The recent surge has created a mixed reaction across the country:

• For Families and Buyers – Those planning weddings or buying jewelry are the hardest hit, as affordability becomes a serious issue.
• For Jewelers – Shops are seeing lower sales volume, but higher prices mean profits remain stable.
• For Investors – Anyone holding gold in savings or assets is benefiting from the rising rates.

Frequently Asked Questions (FAQs)

Conclusion

The latest increase in gold prices has once again reminded everyone of how deeply tied Pakistan’s market is to international trends. At Rs. 359,800 per tola, gold has become a luxury that is slipping out of reach for many ordinary buyers. Yet, for investors, this surge is seen as an opportunity to secure wealth against inflation and financial instability.

As history shows, gold has always been a symbol of security and value in Pakistani culture. While the current rise may cause difficulties for families, especially those preparing for big events, it also reflects the enduring strength of gold as an investment in uncertain times.

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