Pakistani Gold Prices Soar on Rising Demand and Currency Volatility
On September 4, 2026, the price of gold in Pakistan has reached Rs469,136 per tola for 24-carat gold. This represents a significant increase from the previous day's rate by Rs3,900.
The price of 10-gram gold also saw a rise, increasing by Rs3,344 to Rs402,208. Silver prices in Pakistan have similarly increased, with silver per tola reaching Rs7,161 and silver per 10 gram at Rs6,139.
Internationally, the rate of gold has risen by $39 to $4,466 per ounce, with a premium of $20 in the Pakistani market. The price increase is attributed to various factors including demand and supply, value of rupee against the US dollar, international prices, interest rates, and investor behavior.
The precious metal's price can be volatile due to economic uncertainty and devaluation of the rupee. As a result, forecasting future gold rates in Pakistan remains challenging due to its complex market dynamics.