Latest News: Gold Price in Pakistan Records Massive Single-Day Rise

Gold Price in Pakistan witnessed a sharp and unexpected jump on Tuesday, shocking traders, investors, and buyers across the country. According to the latest update issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the per tola gold rate rose by a massive Rs. 7,700 in a single day, pushing the price to Rs. 436,562 per tola.

This sudden surge comes at a time when market stability was expected after several days of moderate price movement. However, unexpected global developments pushed gold rates upward both internationally and domestically.

Major Price Increase in Local Market

Gold prices in Pakistan have shown extreme volatility in recent months due to global inflation, fluctuating currency values, and geopolitical uncertainty. But Tuesday’s increase stands out as one of the biggest single-day hikes in recent weeks.

Here are the latest details from APGJSA:

• Gold Price Per Tola: Rs. 436,562
• Increase: Rs. 7,700
• Gold Price Per 10 Grams: Rs. 374,281
• Increase: Rs. 6,601

Just a day earlier, on Monday, gold was reported at Rs. 428,862 per tola, showing stability with no dramatic change. This makes the latest jump even more significant for both buyers and traders.

Rise in Silver Prices as Well

Gold was not the only metal affected by the market shift. Silver prices also increased notably in the domestic market.

• Silver Price Per Tola: Rs. 5,422
• Increase: Rs. 152

This rising trend in both precious metals reflects the changing investor sentiment and global economic conditions.

Global Market Drives Local Price Surge

A major reason behind Tuesday’s sharp rise is the strong rally in the international gold market.

On the global stage:

• Gold prices increased by $77, reaching $4,142 per ounce, including a $20 premium.
• Spot gold climbed an additional 0.1%, touching $4,140.85 per ounce by 0457 GMT.
• This came after a 1.8% surge on Monday, showing strong momentum.

Market analysts credit this jump to dovish statements from US Federal Reserve policymakers, which renewed hopes of a possible interest rate cut in December. Lower interest rates generally weaken bond yields and strengthen the global gold market, as gold becomes a preferred choice for investors seeking safe-haven assets.

Why Global Factors Matter for Pakistan

Gold in Pakistan is directly influenced by international prices because the country imports most of its gold. A rise in global bullion rates pushes domestic prices upward — especially when combined with a stronger US dollar.

Currently, the Pakistani rupee remains under pressure, which adds extra weight to global price fluctuations. Even if international prices rise slightly, the effect becomes larger domestically due to currency exchange volatility.

This combination of:

• Strong global rally
• Higher USD value
• Demand for safe-haven assets

…creates the perfect environment for steep price increases.

Impact on Buyers and Traders

The sudden price surge has already affected multiple segments of society:

1. Jewellery Buyers

Wedding season buyers — especially those already budgeting tightly — are now facing additional financial pressure. A single-day rise of nearly Rs. 8,000 per tola complicates wedding gold shopping for many families.

2. Small Investors

People who buy gold as a short-term investment or to hedge against inflation have been closely monitoring price movements. Many investors now expect that gold may climb even further if global markets remain bullish.

3. Gold Traders

Local traders in Karachi, Lahore, Rawalpindi, Peshawar, and other Sarafa markets say customer traffic has slowed due to fear of further increases. Traders also report that volatility may continue throughout the week.

Gold Price in Pakistan Market at the Edge of New Highs

Market analysts warn that if global trends continue, Pakistan may soon witness new all-time high gold prices. With global markets showing strong upward momentum and expectations of a US interest rate cut strengthening, the domestic market is likely to remain unpredictable.

Any further change in global inflation, geopolitical tensions, or dollar movement could push prices even higher.

What to Expect in the Coming Days

Experts are keeping an eye on:

• US Federal Reserve policy changes
• Dollar index performance
• Demand for gold in Asian markets
• Pakistan’s own currency stability

If the global rally continues, Pakistan’s gold market may experience more sharp movements in the coming days.

For now, all eyes remain on international bullion performance — the key driver behind today’s unprecedented rise.