The today gold rate in Pakistan for 24k per tola hit another record high on Friday, marking one of the most impressive rallies we’ve seen in a while. Prices surged by Rs. 14,100 during the day, settling at Rs. 456,900 per tola in the local market, showcasing the ongoing strength in both domestic and international bullion trading. Meanwhile, the price for 10 grams of 24-karat gold rose by Rs. 12,089, closing at Rs. 391,718. Just the day before, the precious metal had already gained Rs. 1,900 per tola, indicating a steady upward trend throughout the week.
This momentum carried over to global markets, where international gold prices continued to shatter records. The yellow metal was trading close to $4,358 per ounce, up $141 in just one day, with spot gold hovering around $4,362 per ounce after briefly reaching a new high of $4,378 earlier in the session. US gold futures for December delivery also climbed to about $4,375 per ounce, reflecting strong investor demand worldwide.
In Pakistan, silver followed the trend, gaining Rs. 167 per tola to hit Rs. 5,504 — its highest level ever. Analysts suggest that the rise in precious metal prices is fueled by increasing global economic uncertainty, a weakening local currency, and a strong demand for safe-haven assets.
Experts point out that the combination of rupee depreciation, inflation worries, and rising international rates has made gold one of the hottest investment assets this season. With the local market closely tracking international trends, traders are anticipating that the price of 24-karat gold could soon reach the Rs. 500,000 per tola mark if this momentum continues.
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