Market data shows that price of gold per tola rose by Rs11,100, and reached Rs488,962, marking a significant jump in domestic rates after a brief pause in trading
KARACHI: (UrduPoint/UrduPoint / Pakistan Point News-May 6th, 2026) The gold prices in Pakistan witnessed a sharp surge on Wednesday, with the per tola rate increasing by Rs11,000 amid a strong upward trend in the international bullion market.
The market data showed that the price of gold per tola rose by Rs11,100, and reached Rs488,962, marking a significant jump in domestic rates after a brief pause in trading. The price of 10 grams of gold also increased by Rs9,517, settling at Rs419,206.
The increase comes after a notable rise in global gold prices, where the international rate climbed by $111 per ounce to reach $4,666. Analysts say the surge in global markets directly influenced local pricing in Pakistan, where gold rates closely follow international movements.
The market experts note that the latest Rs11,000 per tola increase highlights continued volatility in the bullion market, driven by global economic uncertainty, inflationary pressures, and strong demand for safe-haven assets.
They add that fluctuations in Currency exchange rates and rising import costs are also contributing to upward pressure on local gold prices, making frequent adjustments in the domestic market unavoidable.
Alongside gold, silver prices also recorded an increase. The price of silver per tola rose by Rs223 to Rs8,072, while 10 grams of silver increased by Rs191 to Rs6,920.
The jewellers say the latest surge has pushed prices to record-high levels, affecting purchasing activity, particularly in the wedding and retail jewellery segments, where demand is highly sensitive to price changes.
The traders expect continued volatility in the coming days as global markets remain uncertain. They believe further movements in international bullion prices and currency trends will determine the future direction of the local market.
