Gold closes week on a high, per tola price soars by Rs2,100
Pakistan’s bullion market wrapped up the week on a strong note as global momentum carried through to Saturday, pushing domestic gold prices higher after a bout of volatility.
According to industry tallies, the per tola rate advanced by Rs2,100 to reach Rs422,700. The 10-gram price moved in tandem, adding Rs1,800 to settle around Rs362,397.
The jump follows a sharp pullback just a day earlier. On Friday, per tola gold had slipped by Rs4,578 to Rs420,600, while 10 grams fell by Rs3,924 to Rs360,597, underscoring how quickly sentiment has been shifting.
Beyond the day-to-day swings, the broader trend remains unmistakably upward. In the year to date, gold is estimated to be up roughly 53%, building on a robust 27% climb recorded in 2024. The sustained rally reflects a potent mix of global factors that have made the metal a preferred refuge during uncertain times.
Key drivers cited by traders and analysts include a softer US dollar, steady central bank accumulation, persistent geopolitical tensions, and policy gridlock such as the partial US government shutdown. Each of these has reinforced gold’s status as a safe-haven asset, drawing in both institutional flows and retail interest.
With tailwinds still in play, some market watchers speculate that international spot prices could challenge the $5,000-per-ounce threshold if momentum persists. That said, the path higher is unlikely to be linear. Rapid rallies often invite profit-taking, and swings in currency markets or macro headlines can trigger sharp, short-lived reversals.
For local buyers, the latest surge means wedding-season budgets and investment plans may need recalibration. Retail quotes can vary by city and shop, and final purchase prices depend on purity, taxes, and making charges. For sellers, the elevated levels offer an opportunity to realize gains but also raise the stakes on timing.
As the new week approaches, all eyes will be on global cues—particularly dollar moves, interest-rate expectations, and any fresh geopolitical developments—to gauge whether Saturday’s bounce marks the start of another leg higher or simply the latest turn in a choppy uptrend.
