Gold prices in Pakistan surged dramatically, rising by Rs12,700 in a single day to reach Rs506,362 per tola, marking a historic jump in the local market. The 10-gram gold rate also climbed sharply, gaining Rs10,888 to reach Rs434,123.
This steep rally follows Tuesday’s increase of Rs4,300 per tola, indicating an accelerating upward trend that has left traders and buyers scrambling. The spike in domestic gold prices was fueled by global market movements, where gold surged by $127 per ounce to $4,840, including a $20 premium.
Silver prices in Pakistan mirrored the upward momentum, rising by Rs64 per tola to settle at Rs9,933, adding to the overall precious metals frenzy.
Tracking the week’s trends, 24K gold prices have steadily climbed, with rates recorded as Rs493,662 on January 20, Rs489,362 on January 19 and 18, Rs481,862 on January 17, and Rs482,462 on January 16 and 15. The consistent upward movement reflects both local demand pressures and international market volatility.
Investors and consumers are advised to monitor gold and silver rates closely as global market factors, including international gold prices and currency fluctuations, continue to influence domestic prices.
Also read: Gold Prices Hit New Records in Pakistan
