Pakistan Gold Price Nears Record High Amid International Rally

The gold price in Pakistan has reached near Rs430,000 as the week begins with a slight jump. According to Saraffa market rates, the price of 24-karat gold rose by Rs1,700 per tola to Rs428,436, while the rate for 10 grams increased by Rs1,457, settling at Rs367,314.

The recovery was driven by a stronger international market, where gold gained $17 per ounce to reach $4,060 per ounce. This global rally was quickly reflected in Pakistan's domestic prices.

Silver also joined the upward trend, with its price climbing Rs54 per tola to Rs6,291. The rates vary across major cities, with Lahore's retail market quoting gold at Rs430,000 per tola and bullion at Rs425,000.