Pakistan gold prices hit record high of PKR 481,000

Gold prices in Pakistan surged to a historic high on Monday, tracking a sharp rally in international bullion markets and strong domestic demand, dealers said.

The price of 24-karat gold rose by PKR 7,700 on Monday to PKR 480,962 per tola, according to the All Pakistan Sarafa Gems and Jewelers Association. The increase surpassed the previous record of PKR 475,662 per tola set on December 27.

The price of 10-gram gold also climbed sharply, gaining PKR 6,602 to settle at PKR 412,347, up from PKR 405,745 in the previous session.

Traders attributed the surge to rising international prices, currency fluctuations, and growing investor appetite for safe-haven assets.

Pakistan heavily relies on imported gold for jewelry manufacturing and investment, making local prices highly sensitive to global market fluctuations.

In the international market, the price of gold jumped to a record $4600 per ounce on Monday.

According to analysts, the price of yellow metal has increased due to heightened geopolitical tensions, ongoing trade disputes, and volatility across global financial markets.

“Gold is benefiting from a perfect storm of global uncertainty,” said a Karachi-based bullion market analyst.

“With geopolitical risks rising and investors seeking protection against market volatility and inflation, gold prices are likely to remain elevated in the near term, especially if the dollar weakens further.”

Market participants said sentiment remains bullish, warning that further gains cannot be ruled out if international prices continue their upward trajectory.