Gold Hits Record High in Pakistan Amid Global Market Surge

In Islamabad, the price of gold changes according to the carat and the amount. One tola of 24 Karat gold, for instance, would be worth around Rs. 331,800.00. The current price of 22-karat gold is about PKR 304,596 per tola. Since prices are subject to change, the most up-to-date information can be found by checking real-time rates. Different websites offer live gold price charts in various currencies and measurements, such as grams and kilos, aiding in tracking these changes.

Gold prices in Pakistan reached a new all-time high on Thursday, following a rise in international gold rates.

The price of gold per tola surged to Rs325,500, marking an increase of Rs500 in just one day.
In the 10-gram segment, gold was sold at Rs279,063, reflecting an increase of Rs428, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The bullion market had been closed during the Eid holidays but resumed activity as prices surged.

Globally, the price of gold also saw a rise, with the international rate reaching $3,089 per ounce, marking an increase of $5 during the day.

Meanwhile, the price of silver remained stable at Rs3,580 per tola.
Gold prices erased gains and fell about 2.5% to $3,020 an ounce on Friday, hitting a one-week low and retreating further from record highs set earlier in the week.Analysts say margin calls are causing investors to sell gold to offset losses in other asset classes, which is why they are declining. Trade tensions rising caused the stock market to see another significant sell-off. China’s declaration of a 34% tax on all U.S. imports, in response to President Trump’s tariffs, has increased worries about inflationary pressures and world economic stability. Trump’s “reciprocal” tariffs had no effect on precious metals despite the growing trade conflict. Worries that import taxes may interfere with deliveries have driven gold stocks in COMEX stores all throughout the United States to rise in recent months. Gold is still up around 1% for the week, its seventh consecutive weekly increase.