Gold crosses Rs440,000 per tola in Pakistan as silver hits record

Gold price Pakistan crossed Rs440,000 per tola on Friday, rising sharply after international bullion prices recovered. Silver also climbed to a new all-time high.

Gold settles at Rs440,636 per tola

According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of gold rose by Rs2,800 per tola on Friday and settled at Rs440,636. The price of ten grams climbed by Rs2,401 to Rs377,774.

The increase followed a flat session on Thursday, when gold held steady at Rs437,836 per tola. The Friday bounce came as international markets turned positive: gold gained 28 dollars an ounce to reach 4,181 dollars, and the local market moved in step.

This movement fits the pattern seen in our recent gold price coverage, which has tracked repeated swings through the year, including an earlier drop in the gold price and the record highs that preceded Friday’s new milestone.

Silver sets a new record at Rs6,256 per tola

Silver outpaced gold in relative terms. The white metal rose by Rs108 per tola to Rs6,256, marking a fresh record for the local market. Silver has been the stronger mover for weeks, and the new high underlines steady demand from both investors and industrial buyers.

Gold price Pakistan: why local rates track the international market

Local gold prices follow the international market almost directly, and the reason is straightforward. Pakistan imports nearly all of its gold, so the tola rate is the dollar price of gold multiplied by the rupee’s exchange rate, plus taxes and dealer margins.

That link means two things decide what a jeweller charges. When global gold rises, as it did on Friday with the 28-dollar gain, the local price moves up in tandem. And when the rupee weakens against the dollar, gold becomes more expensive in rupee terms even if the global price does not move. For readers who want the longer view on these swings, our rise, fall and forecast guide explains the forces that have shaped the market this year.

What the move means for buyers and investors

For households planning weddings, Friday’s jump raises the cost of jewellery sets once again. A tola of gold now costs Rs440,636, so even modest ornaments carry a hefty price tag. Jewellers in the major sarafa markets of Karachi, Lahore and Peshawar typically see footfall slow when prices surge, and many buyers postpone purchases or switch to lighter designs.

Investors read the picture differently. Gold has long served as a hedge against inflation and currency weakness, and the steady climb this year has rewarded those who bought earlier. Silver’s record run has drawn extra attention from small investors, since it offers exposure to precious metals at a lower entry cost per unit.

Still, both metals carry risk at these levels. Prices can reverse quickly when international sentiment shifts or the rupee steadies, so buyers should weigh timing against their own needs rather than chasing a rally.

Frequently asked questions

Source: ProPakistani; figures corroborated by Daily Pakistan.

What is the gold price in Pakistan today?

On Friday, the gold price in Pakistan reached Rs440,636 per tola after a gain of Rs2,800, according to the All-Pakistan Gems and Jewellers Sarafa Association. Ten grams of gold settled at Rs377,774.

What is the silver price in Pakistan today?

Silver rose by Rs108 per tola on Friday to Rs6,256, a new record for the local market.

Why did the gold price rise on Friday?

The increase followed a 28-dollar rise in the international price of gold, which climbed to 4,181 dollars an ounce. Local prices track the global market because Pakistan imports nearly all of its gold.

Why does the gold price in Pakistan follow the dollar?

The tola rate is derived from the international dollar price converted at the current rupee exchange rate, with taxes and dealer margins added. A weaker rupee therefore pushes local gold prices higher even when the global rate is unchanged.

Should buyers purchase gold now or wait?

There is no certain answer. Prices have been volatile, and sharp rallies have been followed by pullbacks this year. Households buying for weddings often focus on need rather than timing, while investors should consider their own risk tolerance before buying at record levels.