KARACHI: Gold prices increased by Rs2, 300 per tola in the local market on Saturday, according to the All Pakistan Gems and Jewellers Association.
Following the rise, the price of gold reached Rs428, 862 per tola.
Similarly, the price of 10 grams of gold went up by Rs1, 972, bringing it to Rs367,680.
In the international market, gold also saw an upward trend, climbing $23 to reach $4,065 per ounce.
Earlier, federal government had lifted the ban on gold imports and exports, a decision approved by the Federal Cabinet and notified by the Ministry of Commerce.
According to the notification, the previously suspended SRO regulating global gold trade has been reinstated.
The government has also made certain amendments related to the import and export of precious metals and jewelry, while maintaining the existing framework for trade in gold and jewelry. The framework will continue with improved transparency and automated processes.
Earlier in May this year, a ban had been imposed on the export and import of gold. On May 6, 2025, the Ministry of Commerce suspended the relevant SRO for 60 days to regulate gold trade following complaints of gold smuggling.
