Gold Prices in Pakistan Continue Record-Breaking Rise, Close to Rs. 420,000

The price of gold in Pakistan has once again hit record levels, edging closer to Rs. 420,000 per tola. With global economic uncertainty, rising inflation, and fluctuations in the international market, gold continues to be seen as a safe-haven asset by investors and households alike.

Current Gold Rates in Pakistan

According to the All Pakistan Gems and Jewellers Association (APGJA), gold prices surged in both local and international markets:

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Why Are Gold Prices Rising?

Several key factors are pushing gold prices to unprecedented heights:

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1. Global Economic Uncertainty – Concerns over oil prices, US dollar strength, and inflation are boosting demand for gold worldwide.
2. Pakistani Rupee Depreciation – The rupee’s weakness against the US dollar is adding further pressure on local gold prices.
3. High Inflation in Pakistan – With essential goods getting more expensive, gold is seen as a hedge against inflation.
4. Investment Shift – Many investors are moving from stocks and property to gold due to its relatively safer returns.

Impact on Local Market

• Jewellery Sales Down – Many middle-class families are struggling to afford gold jewellery, particularly for weddings.
• Investment Demand Up – Wealthy investors and traders are buying more gold bars and coins as a secure investment.
• Import Pressure – Rising gold imports are adding pressure to Pakistan’s already fragile foreign reserves.

Expert Forecasts

Market experts believe that if international gold prices remain above $2,500 per ounce and the rupee continues its weak trend, gold could cross Rs. 430,000 per tola in the coming months. However, if the dollar stabilizes and inflation slows, prices may cool down slightly.

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Advice for Citizens

• For Buyers: Wait for possible market correction before making big purchases.
• For Investors: Gold remains a safe hedge, but diversification is key.
• For Households: Small gold savings may still protect against inflation long-term.

Final Outlook

Gold’s record-breaking rally highlights Pakistan’s fragile economic conditions and the global financial uncertainty at play. For many, gold remains a symbol of financial security — but at nearly Rs. 420,000 per tola, it is becoming out of reach for the average household.

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