Price of 24-karat of gold increases by Rs11,000 per tola in Pakistan

KARACHI – The price of 24-karat of gold increased by Rs11,000 per tola in the local markets across Pakistan on Wednesday. The new price of 24-karat of gold is Rs488,962. The latest hike reflects strong volatility in the local market, which continues to mirror fluctuations in international gold rates. The association further reported that the price of 10 grams of gold also rose by Rs9,517, taking it to Rs419,206. The increase has pushed gold to a new higher level, affecting consumer demand in the local jewellery market. In the international market, gold prices also recorded a notable rise, increasing by $111 per ounce to reach $4,666. Analysts say the global surge is driven by economic uncertainty and sustained demand for safe-haven investments. The market experts explained that the latest increase in gold prices in Pakistan is largely influenced by the upward movement in global bullion rates, along with pressure on currency markets. They note that domestic prices typically adjust quickly in response to international changes. The sudden rise has added pressure on buyers, particularly ahead of seasonal demand in the wedding sector, where the gold purchases usually increase. Traders say the market remains highly sensitive, with frequent price adjustments affecting buying activity. The analysts expected continued fluctuations in the coming days, depending on global economic conditions and investor sentiment in international markets. Gold Prices in Pakistan Today – 24K, 22K an 18K rates on 6 May 2026