Gold prices in Pakistan increase by Rs800 per tola.
Gold Prices Skyrocket in Pakistan's Market
Here's the lowdown on the soaring gold prices in Pakistan's market, as seen on Wednesday! The gold price per tola scaled up to an astounding Rs356,900, gaining a whopping Rs800. And if you're weighing your gold by the 10-gram measure, you'll be shelling out Rs305,984, thanks to a boost of Rs684, as reported by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On the previous day, gold price per tola had touched Rs356,100, giving it a hefty Rs6,100 increase.
You might wonder, what's causing this gold rush? Well, aside from the escalating gold price trends in the international market, other underlying factors come into play. For instance, increased global demand for gold during times of economic upheaval or geopolitical tension makes gold a popular safe-haven asset. On May 5, 2025, the international gold rate soared by $8 during the day, reaching a staggering $3,385 per ounce, including a $20 premium, as per APGJSA.
Things didn't change for silver, which remained steady at Rs3,482 per tola.
Here's a side-by-side comparison of Pakistan's pricing against international and regional trends. As of May 5, 2025, Pakistan's gold price trailed the international gold price by a significant margin – Rs350,000 per tola in Pakistan versus $3,316 per ounce in the international market[2]. In neighboring Saudi Arabia, the same day, 24-karat gold was priced slightly higher at SAR 4,552 per tola[2].
As for the record-high gold price, Pakistan's market witnessed this spectacular rise in April 2025, mirroring the international trend of escalating gold prices due to economic and geopolitical factors[4]. By embracing these trends and factors, Pakistan's gold market follows a similar path, providing investors with crucial information to make informed decisions.
The silver market, on the other hand, didn't follow the same trend as gold, remaining steady at Rs3,482 per tola. In the broader context of finance and industry, this surge in gold prices in Pakistan's market can be linked to the increased global demand for gold in times of economic upheaval or geopolitical tension, pushing gold's allure as a safe-haven asset, as well as the soaring international gold prices, which reached an impressive $3,385 per ounce on May 5, 2025.
