Gold rates surged in Pakistan on Tuesday, reflecting a broader upward trend driven by global market uncertainty. According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola jumped by Rs.6,100, reaching Rs.356,100 compared to Rs.350,000 on the previous trading day.
Sharp Rise in Local Gold Prices
Prices of 10 grams of 24-karat gold rose by Rs.5,232 to Rs.305,300, up from Rs.300,068. Similarly, 10 grams of 22-karat gold climbed to Rs.279,868 from Rs.275,072 — a gain of Rs.4,796.
Silver prices also increased, with per tola silver up by Rs.57 to Rs.3,482, while 10 grams saw a rise of Rs.22, now priced at Rs.2,985.
Global Market Pushes Gold Higher
In the international market, the price of gold increased by $61, reaching $3,377 per ounce from $3,316. Silver prices followed suit, increasing by $0.57 to settle at $33.00. These global shifts continue to impact regional markets significantly, including Pakistan and Saudi Arabia.
Read: PSX Soars as SBP’s Surprise Rate Cut Boosts Investor Confidence
Surge in Saudi Gold Prices
Gold rates in Saudi Arabia mirrored the global trend. On May 6, 2025, the price of 24-karat gold rose to SAR 4,653 per tola, up from SAR 4,552 the day before. Ten grams of 24-karat gold are now priced at SAR 3,993, while one ounce is valued at SAR 12,421, according to data from Forex.pk.
Why Gold Is Climbing
Gold’s increasing value reflects its role as a safe-haven asset during times of global tension and economic instability. Investors often turn to gold for security, especially during falling interest rates, geopolitical tensions, or currency volatility.
With its long-standing reputation for stability and resilience, gold remains a critical part of investment portfolios, helping hedge against inflation and financial market swings. The recent uptick signals continued investor interest as uncertainty looms globally.
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