Gold prices surge by Rs3,500 per tola across Pakistan

KARACHI: The price of gold in Pakistan increased by Rs3,500 per tola on Wednesday, according to the All Pakistan Gems and Jewellers Association (APGJA).

With the latest rise, the price of 24-karat gold now stands at Rs419,862 per tola, while the price of 10 grams of gold has gone up by Rs3,000, reaching Rs359,963.

In the international market, the price of gold also saw an uptick of $35, climbing to $3,975 per ounce.

Market experts attribute the surge to global economic uncertainty and rising investor demand for safe-haven assets.

Earlier, Gold prices in Pakistan continued their downward trend on Tuesday, with a significant decline of Rs14, 000 per tola, according to the All Pakistan Gems and Jewellers Association (APGJA).

Following the latest reduction, the price of 24-karat gold now stands at Rs416, 362 per tola. Similarly, the rate for 10 grams of gold has fallen by Rs12, 003, bringing it down to Rs356, 963.

The APGJA further reported that the international gold price has fallen by $140, settling at $3,940 per ounce.

Gold hit an all-time high of Rs456,900 per tola on October 17, 2025, but has since declined by Rs40,500 over the past 11 days, reflecting a significant correction in both global and local bullion markets.