ISLAMABAD: Gold prices have surged significantly in both international and domestic markets.
According to the Jewellers’ Association, following an increase of PKR 3,400, the price of one tola of gold in the country has risen to PKR 469,562.
Similarly, the price of 10 grams of gold went up by PKR 2,915, reaching PKR 402,573.
The association also reported that in the global market, the price of gold increased by $34, reaching $4,472 per ounce.
Gold trading in Pakistan has always been a significant part of the country’s economy, attracting investors, traders, and jewelers alike.
The gold market operates through both local and international channels, with prices influenced by global demand, currency fluctuations, and domestic economic conditions.
In Pakistan, gold is commonly traded in units such as tola and grams, and its prices are closely monitored by the Jewellers’ Association, financial institutions, and market analysts.
The domestic gold market reacts sensitively to changes in the international market.
For instance, any rise in global gold prices, measured in dollars per ounce, usually reflects immediately in local rates once converted into Pakistani rupees.
Local factors, such as currency devaluation, import duties, and demand from consumers and jewelers, also play a crucial role in determining the day-to-day price of gold.
Investors often view gold as a hedge against inflation and currency instability, which keeps the market active and competitive.
Gold trading is carried out through authorized dealers, jewelry shops, and official bullion markets, ensuring a regulated environment, while the Jewellers’ Association provides updates on daily prices and market trends.
Overall, the gold market in Pakistan remains vibrant, bridging international market movements with local demand, and continues to be a preferred investment for wealth preservation and financial security.
