Gold Price in Pakistan Jumps Rs13,900 Per Tola
Gold prices in Pakistan rose sharply on Wednesday, gaining Rs13,900 in a single day. The price of 24-karat gold reached Rs426,036 per tola, while silver also moved higher.
The price of 10 grams of 24-karat gold increased by Rs11,917 to Rs365,257, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The price of silver per tola increased by Rs295 to Rs5,663.
A move driven by the global market
The increase followed the international market, where gold gained $139 to reach $4,035 per ounce. Local prices in Pakistan track global bullion rates closely, along with the rupee-dollar rate, so a sharp move abroad usually shows up in local rates the same day.
That link explains the size of Wednesday’s jump. A $139 rise in the global price is large by daily standards, and it fed straight into the per-tola rate quoted by jewellers in Pakistan.
The biggest jump in weeks, after a flat day
The spike came right after a flat session. On Tuesday, gold prices in Pakistan remained unchanged at Rs412,136 per tola. That followed a Rs2,400 increase on Monday.
Wednesday’s rise therefore stands out against the recent pattern. It is the biggest single-day jump in weeks, and it takes gold slightly above last week’s levels. On 28 October, gold gained Rs3,500 to reach Rs425,636 per tola. Wednesday’s close of Rs426,036 per tola sits Rs400 above that level.
The sequence shows how quickly the market can turn. A flat day, a modest rise and then a sharp jump have taken the price from Rs412,136 per tola on Tuesday to Rs426,036 per tola on Wednesday, a move of Rs13,900 in one session.
What the gold price move means for buyers
For buyers, the practical effect is direct. A tola of 24-karat gold now costs Rs13,900 more than it did on Tuesday. Ten grams costs Rs11,917 more. Silver buyers face a smaller rise of Rs295 per tola.
Jewellers price gold daily from the association’s rates, so the new rates apply to purchases made from Wednesday onward. Buyers planning a purchase for a wedding or for investment will pay the new rate unless prices fall back in the next session.
For sellers, the same move raises the value of gold already held. That two-sided effect is why large daily moves draw attention beyond the bullion trade: gold remains a common store of value for households in Pakistan, and a Rs13,900 jump in a day is felt by anyone buying or selling.
No driver beyond the global market move was given in the rates report. The report did not attribute Wednesday’s jump to a local event, and it did not forecast the next session. The next rates will show whether the higher level holds, or whether Wednesday proves to be a one-day spike.
Related coverage on Feature Pakistan includes an earlier gold price rise of Rs10,800 per tola, the petrol price cut to Rs369.06 for November 4, the warning over Pakistan’s GSP+ access and a possible Rs5,000 fertilizer subsidy per bag.
Frequently asked questions
How much did gold rise on Wednesday?
Gold gained Rs13,900 in Pakistan, taking the price of 24-karat gold to Rs426,036 per tola.
What happened to silver?
Silver rose by Rs295 per tola to Rs5,663.
What was the global gold price?
Gold gained $139 internationally to reach $4,035 per ounce, and the local rise followed that move.
What was the price on Tuesday?
Gold remained unchanged on Tuesday at Rs412,136 per tola, after a Rs2,400 increase on Monday.
Is this the highest price in recent weeks?
It is the biggest single-day jump in weeks, and at Rs426,036 per tola it sits slightly above the Rs425,636 per tola reached on 28 October.
