Gold prices in Pakistan witnessed another major increase on Thursday as international bullion rates continued to rise sharply. The local Sarafa market reported fresh gains in both per tola and per 10-gram prices, creating concern among buyers and investors across the country. Rising uncertainty in global financial markets and strong investor demand for safe-haven assets remained the key reasons behind the continued increase in gold prices.
According to the latest market update, the price of 24-karat gold per tola reached around Rs483,500, while 10 grams of 24K gold climbed above Rs414,000 in Pakistan. Similarly, 22-karat gold also recorded a noticeable rise during trading sessions in major cities including Karachi, Lahore, Islamabad, and Rawalpindi. Local jewelers reported increased public interest despite record-high prices in the bullion market.
Experts believe that ongoing economic uncertainty worldwide has pushed investors toward gold, traditionally considered one of the safest investment options during unstable financial conditions. International gold prices also remained strong near historic highs, influencing local rates directly because Pakistan heavily relies on imported bullion prices linked with the US dollar exchange rate.
Market analysts said fluctuations in the Pakistani rupee against the US dollar also played an important role in increasing domestic gold prices. Whenever the dollar strengthens, imported commodities including gold become more expensive in Pakistan. Traders further explained that local demand during the wedding season has also contributed to upward pressure on prices in jewelry markets across the country.
Jewelry buyers and small investors are now closely monitoring the bullion market as prices continue changing almost daily. Some investors are purchasing gold as a long-term asset to protect savings against inflation and currency instability. However, many families planning weddings are finding it difficult to purchase jewelry because of the sharp rise in rates over recent weeks.
Analysts expect gold prices to remain volatile in the coming days depending on global economic developments, interest rate expectations, and currency market trends. Traders advised buyers to verify updated rates from local Sarafa markets before making any purchase because gold prices can vary slightly between cities and jewelers throughout the day.
Also read: Gold Rates in Pakistan Today – Per Tola Gold and Silver Prices for April 19, 2026
