Gold prices edged higher in Pakistan’s bullion market on Monday, with 24-karat gold trading at around Rs432,500 per tola in Karachi’s sarafa bazaars, according to live rate trackers UrduPoint and GoodReturns, which independently showed near-identical figures. The move marks a rebound after three straight sessions of declines earlier this month, though Hamariweb’s tracker showed a slightly higher reading of Rs434,000 per tola for the same day, a gap bullion dealers put down to normal city-to-city and dealer-to-dealer variation rather than a genuine market split.
Today’s uptick of roughly Rs2,500 per tola from Sunday’s Rs430,000 level tracks a firmer international market, where spot gold climbed to around $4,197 per ounce from about $4,158 a day earlier, a gain of close to one percent. Bullion dealers attributed the rise to renewed safe-haven buying amid broader global economic uncertainty, even as the rupee held largely steady against the dollar, trading close to its recent range in the 276-277 band, meaning the local price move tracked the international uptick fairly closely rather than being amplified or offset by currency swings. Silver also firmed on the day, with the local rate climbing to about Rs6,402 per tola, up from Sunday’s Rs6,240. For a look at how rates have moved over the past two days, readers can check Sunday’s gold price update.
| Metal / Karat | Per Tola | Per 10 Grams |
|---|---|---|
| Gold 24K | Rs 432,500 | Rs 370,810 |
| Gold 22K | Rs 396,458 | Rs 339,909 |
| Gold 21K | Rs 378,438 | Rs 324,459 |
| Gold 18K | Rs 324,375 | Rs 278,108 |
| Silver | Rs 6,402 | Rs 5,487 |
| International Gold | $4,197 per ounce | |
Gold and silver rates in Pakistan are revised daily by local sarafa associations based on the international bullion price, the dollar-rupee exchange rate, and import costs, so figures can vary slightly between cities and even between dealers within the same city. Buyers are advised to confirm the exact rate with their local jeweller before a transaction, since the figures above reflect the broad market average for Karachi and Rawalpindi-Islamabad.
