Gold prices in Pakistan recorded a modest increase on Friday, even as international bullion markets remained under pressure. The price of 24-karat gold rose by Rs400 per tola, taking the local market rate to Rs425,436. Similarly, the price of 10 grams of 24-karat gold increased by Rs343, reaching Rs364,742.
Meanwhile, silver prices moved lower in the domestic market. The price of silver per tola declined by Rs134, settling at Rs6,155.
Gold and Silver Rates in Pakistan
| Item | Price |
|---|---|
| 24K Gold (Per Tola) | Rs425,436 |
| 24K Gold (10 Grams) | Rs364,742 |
| Silver (Per Tola) | Rs6,155 |
| Spot Gold (International) | $4,001.17/oz |
| U.S. Gold Futures | $4,005.20/oz |
22K, 21K and 18K Gold Rates
| Unit | 22K Gold | 21K Gold | 18K Gold |
|---|---|---|---|
| Per Tola | Rs390,500 | Rs372,750 | Rs319,500 |
| Per Gram | Rs33,479 | Rs31,958 | Rs27,392 |
| Per 10 Grams | Rs334,794 | Rs319,576 | Rs273,923 |
| Per Ounce | Rs948,915 | Rs905,783 | Rs776,385 |
Despite the upward movement in Pakistan, international gold prices declined as investors reacted to rising geopolitical tensions in the Middle East. Concerns over regional instability pushed oil prices and U.S. Treasury yields higher, increasing expectations that interest rates in the United States could remain elevated for a longer period.
Spot gold fell 1.5% to $4,001.17 per ounce after dropping as much as 2% earlier in the trading session. At the same time, U.S. gold futures slipped 1.1% to $4,005.20 per ounce.
Oil prices also advanced by more than 1%, driven by fears of potential supply disruptions, adding further pressure to global financial markets while influencing investor sentiment toward precious metals.
Also Read: Big Increase in Gold Prices in Pakistan
