Gold Prices Rise in Pakistan Despite Global Dip

News Desk

Karachi: Gold prices in Pakistan climbed on Tuesday, even as the precious metal slipped in global markets amid ongoing US political and economic uncertainty.

According to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold increased by Rs1,500 per tola, reaching Rs416,778 compared to Rs415,278 a day earlier. Similarly, the price per 10 grams rose by Rs1,286, settling at Rs357,319.

The rate of 22-karat gold was quoted at Rs327,554 per 10 grams, reflecting the continued uptrend in domestic bullion prices.

In contrast, silver prices slipped, with 24-karat silver falling by Rs20 per tola to Rs4,929, and by Rs17 per 10 grams to Rs4,225.

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The day-on-day data from APGJSA shows that gold prices have increased by Rs32,778 per tola over the past month, Rs66,578 since the start of the fiscal year, and a significant Rs144,178 since January 2025 — highlighting gold’s persistent strength in the local market amid currency depreciation and global volatility.

Globally, spot gold traded near $3,953 an ounce, down $16.3 or 0.41% from the previous session. Analysts said gold briefly hit a record high earlier in the day as investors sought safe-haven assets amid a U.S. government shutdown and heightened speculation of a Federal Reserve rate cut later this month.

Traders say domestic prices are likely to remain elevated due to rupee weakness, inflationary pressures, and safe-haven demand, despite short-term corrections in the international market.