Gold prices climb in Pakistan as international bullion market strengthens

KARACHI – Gold prices in Pakistan moved higher on Saturday, tracking gains in the international bullion market as investors continued to monitor global economic developments and movements in precious metals. All Pakistan Gems and Jewellers Association said that the price of 24-karat gold increased by Rs1,187 per tola, taking the new rate to Rs431,323 per tola across Pakistan. The price of 10 grams of 24-karat gold also registered an increase of Rs989, reaching Rs368,074 after the latest revision. The rise in domestic gold prices followed an upward trend in the international market, where the price of the precious metal gained $11.87 per ounce to settle at $4,088 per ounce. Local bullion dealers said fluctuations in Pakistan’s gold market largely mirror changes in global prices, as international bullion rates remain one of the key factors determining domestic prices. Exchange rate movements and import-related costs also influence the local gold market. Gold is widely regarded as a safe-haven asset during periods of economic uncertainty and geopolitical tensions. Changes in global interest rates, inflation expectations and investor sentiment often have a direct impact on international gold prices, which are then reflected in local markets. Jewellers said frequent price fluctuations have made buyers more cautious, particularly those purchasing gold jewellery for weddings and other social occasions. However, investment demand for gold remains relatively stable, with many investors continuing to view the precious metal as a reliable store of value. The latest increase comes after several weeks of volatility in international commodity markets, where precious metals have reacted to changing economic indicators and developments in global financial markets. Market experts believe gold prices may continue to fluctuate in the coming days depending on international market trends, currency movements and investor demand. They advised buyers and investors to closely mo