Global Gold Prices Surge Amid Rising Geopolitical Tensions

Key point:

Amidst the global tensions, including the Russia-Ukraine war, the gold rate increased globally. 

PAKISTAN: On Monday, due to International tensions, the gold price in Pakistan surged from Rs. 297,668 to Rs. 302,726. However, the silver price is constant.

Surge in Gold price:

Gold price nowadays is touching the skies. Due to International tensions, the prices fluctuate, making it impossible for the common buyer to purchase. In the International market, the gold rate increases by $59.

Also Read: Pakistan Budget 2025–2026 Targets 4.2% Economic Growth

The International surge in gold prices increases the gold price in Pakistan. Pakistani jewellers have increased the price of 24-carat gold per tola by Rs. 5,900. All Pakistan Sarafa Gems and Jewelers Association reported that initially, gold was sold at Rs.347,200. Now, due to the increase in purchasing price, the selling price has also increased.

To purchase 10 grams of 24-karat gold, goldsmiths gave Rs. 302,726 instead of Rs. 297,668. The price of 10 grams of 22-karat gold has increased by Rs. 4,636. Goldsmiths now purchased it at Rs. 277,508 instead of Rs. 272 872.

Constant Silver price:

Despite the increase in gold prices, there is no change seen in the price of silver. The rate per Tola silver is Rs. 3,456, while the price of 10 grams of silver is Rs. 2,962. Local and International prices of purchasing and selling prices of silver have remained unchanged in Pakistan.