Gold extends gains in local market with fresh rise

KARACHI: Gold prices in Pakistan edged higher on Wednesday, extending their upward run in line with gains in the international market.

According to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola rose by Rs1,000 to reach Rs361,700. Similarly, the price of 10 grammes stood at Rs310,099 after adding Rs857 during the day.

A day earlier, gold had gained Rs900, settling at Rs360,700 per tola. This week alone, the yellow metal has seen an overall rise of Rs1,900, as it had closed last week at Rs359,800 per tola.

On the international front, gold prices also posted an increase. The global rate stood at $3,390 per ounce, with an additional $20 premium, marking a $10 gain during the day. In contrast, silver prices slipped, as the rate per tola declined by Rs53 to Rs4,068.

A look back at last week

Gold prices displayed steady gains over the past week, closing at Rs359,800 per tola on Saturday after a sharp rise of Rs4,100 that day. The previous week had begun with prices at Rs356,200, reflecting a net weekly gain of Rs3,600 despite fluctuations during trading sessions.

August price trends

The month of August has been particularly eventful for the gold market in Pakistan, marked by both sharp jumps and notable declines.

Early in the month, the price per tola touched Rs352,900 before surging above Rs362,000 in the first week. Mid-month, however, brought declines, with the rate dipping to Rs355,200 on August 20. By the final week, prices recovered once more, crossing Rs361,000.

Below is a detailed summary of gold price movements in August 2025:

The swings reflect the impact of global uncertainty, currency shifts, and changing investor sentiment. Analysts believe the local gold market will remain closely tied to international movements in the coming days.