Gold price hits new high as Pakistan market extends strong rally
Gold prices in Pakistan extend three-day rally
Gold prices in Pakistan continued their strong upward trend on Friday, marking the third straight day of increases. The latest rise followed continued gains in the international bullion market, which pushed domestic gold prices to new highs.
According to the All Pakistan Sarafa Gems and Jewellers’ Association, the price of 24-karat gold increased by Rs5,100 per tola. After the latest hike, one tola of gold is now being sold for Rs454,336 across the country.
The price of 10 grams of 24-karat gold also moved higher. It increased by Rs4,372, taking the new price to Rs389,519.
Global bullion market drives local gold prices higher
During the last three trading sessions, gold prices have increased sharply in Pakistan. Overall, the price of one tola has gone up by Rs26,400, highlighting the strong impact of international bullion market movements on local rates.
Jewellers said the latest increase is mainly linked to continued volatility in global financial markets. Investors around the world are shifting towards gold as a safe investment because of economic uncertainty and rising geopolitical tensions.
Market experts explained that whenever global investors become concerned about inflation, slowing economic growth, or international conflicts, demand for gold usually increases. This higher demand often pushes international prices upward, which directly affects Pakistan’s gold market.
International factors continue to influence gold market
Analysts believe several international developments are supporting the current rally in gold prices. These include central bank monetary policies, changes in United States dollar strength, inflation expectations, and ongoing geopolitical conflicts in different parts of the world.
They said even small changes in international bullion prices quickly influence domestic gold rates because Pakistan’s market closely follows global price trends.
Experts added that uncertainty in global financial markets continues to make gold one of the preferred investment choices for people looking to protect their savings.
Rising prices reduce jewellery demand
While investors are showing greater interest in gold, the sharp increase in prices has reduced demand among ordinary consumers.
Jewellers across Pakistan reported that many customers are delaying purchases because gold has become too expensive for regular buying. Families planning weddings or other celebrations are also becoming more cautious due to record-high prices.
Traders said most buyers are now purchasing gold only when necessary. Optional or luxury purchases have declined significantly as many people wait for prices to stabilize before making new investments.
Also Read: Govt reduces petrol and diesel prices
Gold remains a preferred safe investment
Despite weaker retail demand, the latest rally shows that gold continues to attract investors during uncertain economic conditions. Many people consider gold a reliable store of value when inflation remains high and financial markets become unpredictable.
Market observers believe gold prices may continue to remain sensitive to international developments. Any major changes in global economic conditions, interest rates, or geopolitical events could further influence prices in Pakistan over the coming days.
For now, both traders and consumers are closely watching international bullion markets to see whether the current upward trend continues or slows in the near future.
