Gold prices in Pakistan saw a sharp increase on Thursday, with the per tola rate of 24-carat gold climbing by Rs. 3,700 to Rs. 423,062, according to data released by the All-Pakistan Gems & Jewellers Sarafa Association (APGJSA). The surge came amid a global uptick in bullion prices and a weaker US dollar, which together boosted the metal’s local value.
The price of 10 grams of 24K gold also rose by Rs. 3,112, bringing it to Rs. 362,707. Meanwhile, local silver prices moved upward by Rs. 90 per tola, reaching Rs. 5,112, as tracked by domestic market indicators.
Global Market Influence
Internationally, gold prices extended their gains as investors sought safety amid economic uncertainty and a mild retreat in the US dollar from its recent four-month high.
According to a report from Reuters, spot gold stood around $3,986 per ounce, while US gold futures settled near $3,994 per ounce. The APGJSA cited the global premium price of approximately $4,007 per ounce, reflecting a $37 daily increase.
Despite these short-term gains, gold remains down roughly 9% from its record high of $4,381.21 per ounce, recorded in late October 2025.
Why Gold Prices Are Rising Again
Analysts link this latest jump to two key factors:
- Currency Movements: The US dollar’s retreat makes gold cheaper for buyers using other currencies, encouraging demand.
- Investor Caution: Concerns over the US economic outlook and the possibility of a government shutdown have reignited interest in safe-haven assets like gold.
As a result, local gold markets in Pakistan—particularly in Karachi, Lahore, and Peshawar—reacted instantly to global cues.
For daily updates, you can also check international benchmarks on GoldPrice.org and Kitco.
What It Means for Buyers and Investors
📈 Short-Term Outlook:
Expect volatility to continue, as international sentiment and exchange rate shifts drive local gold prices.
💍 For Consumers:
Those planning to purchase gold jewellery should compare city-wise rates before buying, since prices can vary slightly among jewellers.
💰 For Investors:
Gold remains a traditional hedge against inflation and currency depreciation. However, experts recommend viewing it as a medium- to long-term investment rather than a short-term speculation.
Conclusion
The latest surge in gold prices underlines how quickly global markets impact local economies like Pakistan’s. With international prices rebounding and the dollar weakening, gold could remain in focus for both investors and consumers in the weeks ahead.
For reference, the above rates are official APGJSA closing figures for November 6, 2025. Before making any transactions, it’s advised to confirm real-time rates from your local jeweller or reliable financial platform.
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