For the first time in Pakistan’s history, gold prices have crossed the historic Rs. 5 lakh per tola level, creating a major stir in the local bullion market. The sharp jump comes amid a powerful rally in international gold prices and rising economic uncertainty worldwide.
According to the latest rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola surged to Rs. 506,362 on Wednesday after an increase of Rs. 12,700 in a single trading session. This is the highest level ever recorded in Pakistan’s gold market.
Just a day earlier, on Tuesday, gold had already posted a strong gain of Rs. 4,300, settling at Rs. 493,662 per tola, indicating the beginning of a powerful upward trend that accelerated sharply within 24 hours.
Latest Gold and Silver Prices in Pakistan (Today)
| Metal | Unit | Price Today (Rs.) | Change |
| Gold | Per Tola | 506,362 | +12,700 |
| Gold | 10 Grams | 434,123 | +10,888 |
| Silver | Per Tola | 9,933 | +64 |
Source: All-Pakistan Gems and Jewellers Sarafa Association (APGJSA)
International Market Drives Historic Rally
The record-breaking rise in local gold prices was mainly triggered by a strong surge in the international bullion market. Globally, gold prices jumped by $127 per ounce to reach $4,840 per ounce, including a premium of $20.
WhatsApp ChannelExperts say the rally is being fueled by increasing geopolitical tensions, expectations of global interest rate cuts, a weakening US dollar, and growing demand for safe-haven assets as investors look to protect their wealth during uncertain economic conditions.
Rising Prices Hit Local Buyers, Boost Investors
The sudden jump has made gold purchases extremely expensive for ordinary buyers, especially families preparing for weddings and seasonal shopping. Many jewellers reported a slowdown in retail sales as customers delay purchases, hoping for prices to stabilize.
At the same time, investors holding gold are enjoying strong returns. Financial analysts believe that gold continues to remain one of the safest investment options in Pakistan, especially during periods of high inflation and currency volatility.
Silver Also Records Upward Movement
Along with gold, silver prices also edged higher in the local market. The price of silver per tola increased by Rs. 64, reaching Rs. 9,933. Market observers say silver may continue to follow gold’s upward trend if international prices remain firm in the coming days.
What Lies Ahead for Gold Prices in Pakistan
Market experts predict continued volatility in the short term. Any further rise in global gold prices or depreciation of the Pakistani rupee could push local rates even higher. However, short-term corrections are also possible as traders book profits after the sharp rally.
For now, the crossing of the Rs. 5 lakh milestone marks a historic moment for Pakistan’s bullion market and highlights gold’s growing importance as a hedge against inflation and economic uncertainty.
