Gold Prices in Pakistan Rises: Rs2,100 Jump Per Tola

Gold prices in Pakistan went up quickly on Tuesday, attracting more interest from investors in gold.

Key Highlights for Gold Price

• The price of 24-karat gold went up by Rs2,100 to Rs349,200 per tola.
• 10-gram 24-karat gold priced at Rs299,382 after Rs1,800 gain.
• 22-karat gold stood at Rs274,443 per 10-gram.
• Silver prices remained unchanged at Rs3,497 per tola.
• Global gold rates dipped to $3,312 per ounce amid easing trade tensions.

Gold Price in Pakistan: Market Overview and Latest Trends

Gold prices in Pakistan jumped on April 29, 2025, as 24-karat gold rose by Rs2,100 per tola. The All-Pakistan Gems and Jewelers Sarafa Association said the price reached Rs349,200, up from Rs347,100 the day before. Meanwhile, the 10-gram 24-karat gold was priced at Rs299,382 following an Rs1,800 rise.

For 22-karat gold, the market value stood at Rs274,443 per 10-gram, reflecting increased domestic demand amid global economic uncertainty. Despite fluctuations in gold, silver prices remained flat in the local market. The price of 24-karat silver stayed the same at Rs3,497 per tola and Rs2,998 per 10-gram.

You can explore more gold price updates and local market trends at Daily Gold Signal.

How Global Factors Affect Gold Price in Pakistan

On the international front, spot gold was trading at $3,312 per ounce, marking a $25 or 0.75% decline from the previous session. This drop followed a temporary easing in U.S.-China trade tensions, which reduced demand for safe-haven assets like gold. Additionally, global investors are watching closely for upcoming U.S. economic indicators, which could influence the Federal Reserve’s next move on interest rates.

Geopolitical developments, inflation data, and interest rate expectations continue to be key factors impacting gold prices worldwide. Pakistan’s domestic market often reacts swiftly to global signals, particularly those involving the U.S. economy or major central bank policy shifts.

Technical Analysis: Gold’s Performance

Gold’s upward trend locally aligns with medium-term bullish momentum, though global pullbacks are noticeable. Key technical indicators suggest:

• Support level: Rs345,000 per tola
• Resistance level: Rs352,000 per tola
• Moving average: 20-day MA aligns near Rs346,500, signaling continued buying support

Unless there’s a sharp reversal in macroeconomic sentiment, prices are expected to consolidate above the Rs345,000 threshold in the coming sessions.

Expert Insight

Mohammad Ahsan, a Lahore-based bullion trader, noted, “The current gold rally in Pakistan is mainly driven by inflation fears and speculative buying. With elections nearing and external pressures on the currency, gold remains a popular hedge.”

He further added that unless the rupee stabilizes or international tensions ease drastically, gold may continue its uptrend in the local market.

Outlook and Conclusion

Pakistan’s gold market reflects both global pressures and internal economic dynamics, including inflation concerns and currency movements. Despite a slight global dip, local demand keeps prices elevated.

With external uncertainties and monetary policy shifts on the horizon, gold may see continued volatility. Investors and traders should stay informed and monitor updates from reputable sources like Daily Gold Signal’s Daily Updates.