KARACHI – Gold prices in Pakistan crossed Rs5Lac mark again as bullion remained on roller coaster ride amid uncertanity in international markets.
Per Tola Gold Rate stands at Rs503,462 per tola (24-karat) on April 16, while price of 10 grams also jumped to Rs431,637. On the international front, gold is trading at a staggering $4,811 per ounce, fueling fears that domestic prices could climb even higher in the coming days.
Gold Rates Update
| Category | Price |
|---|---|
| Gold (Per Tola, 24K) | Rs503,462 |
| Gold (10 Grams, 24K) | Rs431,637 |
| Gold (Per Ounce) | $4,811 |
| Gold (Per Tola, 22K) | Rs461,080 |
| Gold (Per Tola, 21K) | Rs440,125 |
| Gold (Per Tola, 18K) | Rs377,250 |
| Silver (Per Tola) | Rs8,404 |
22-karat gold has reached Rs461,080 per tola, 21-karat stands at Rs440,125, while 18-karat gold is now priced at Rs377,250 per tola, making the precious metal increasingly out of reach for many buyers.
Silver Rates in Pakistan
Silver hasn’t been left behind either, rising by Rs144 to hit Rs8,404 per tola, reflecting a broader surge in precious metals.
Despite a strong rally at the start of the year, gold had previously plunged by over 8% following the outbreak of tensions with Iran on February 28. However, the market is now rebounding fast.
With a fragile ceasefire now in place between the United States and Iran, experts warn that investors could rush back toward gold as a safe haven, potentially triggering another price spike.
Gold prices again climb above Rs500,000 per tola in Pakistan
