Gold Price Crosses Rs. 5 Lakh. Gold prices in Pakistan have created history. For the first time ever, the price of gold has crossed the Rs. 5 lakh per tola mark, sending shockwaves across local markets, investors, and jewellery buyers. The sharp rise follows a massive surge in international gold prices, driven by global economic uncertainty and strong investor demand.
This sudden jump has made gold one of the most talked-about assets in Pakistan today.
Gold Price Today in Pakistan
On Wednesday, gold prices rose sharply across the country.
- Gold per tola: Rs. 506,362
(Up by Rs. 12,700 in a single day) - 10 grams gold: Rs. 434,123
(Up by Rs. 10,888)
These rates were officially released by the All-Pakistan Gems and Jewellers Sarafa Association, which regulates and updates daily bullion prices in Pakistan.
Just a day earlier, on Tuesday, gold per tola had closed at Rs. 493,662, after gaining Rs. 4,300 in one session. The continuation of this upward trend pushed prices to an all-time high.
Why Did Gold Prices Surge So Sharply?
The main reason behind this historic increase is the global gold market rally.
In the international market:
- Gold price jumped by $127
- New international rate: $4,840 per ounce
- This price includes a $20 premium
Such a strong daily increase is rare and signals heavy buying pressure from global investors.
Key Global Factors Behind the Gold Rally
Several international developments are driving gold prices higher:
1. Global Economic Uncertainty
Concerns about slowing global growth, rising debt levels, and fragile financial markets have pushed investors toward safe-haven assets like gold.
2. Inflation Fears
High inflation in major economies has reduced confidence in paper currencies, making gold more attractive as a store of value.
3. Weak US Dollar
A weaker dollar usually boosts gold prices, as gold becomes cheaper for holders of other currencies.
4. Central Bank Buying
Central banks around the world continue to increase their gold reserves, supporting long-term price growth.
Impact on Pakistan Local Gold Market
The impact of rising gold prices is clearly visible across Pakistan.
Jewellery Sales Slow Down
High prices have discouraged retail buyers, especially those planning wedding purchases. Many jewellers report reduced footfall in markets.
Investors Turn More Cautious
Small investors are divided. Some see this as a buying opportunity, while others are waiting for a possible correction.
Gold Becomes Less Affordable
Crossing Rs. 5 lakh per tola has placed gold beyond the reach of many middle-income households.
Silver Prices Also Move Up
Gold was not alone in its upward move. Silver prices also recorded gains.
- Silver per tola: Rs. 9,933
- Increase: Rs. 64
Although the increase in silver is modest compared to gold, it reflects the overall bullish trend in precious metals.
Gold Price Comparison (Recent Sessions)
| Date | Gold per Tola (Rs.) | Change |
|---|---|---|
| Monday | 489,362 | — |
| Tuesday | 493,662 | +4,300 |
| Wednesday | 506,362 | +12,700 |
This sharp upward movement within just two days highlights the volatility currently present in the gold market.
What This Means for Investors
Short-Term Investors
Short-term traders should remain cautious. Prices have risen rapidly, and sudden corrections are possible if global markets stabilize.
Long-Term Investors
For long-term holders, gold still remains a strong hedge against inflation and currency depreciation, especially in Pakistan’s volatile economic environment.
Jewellery Buyers
Those planning to buy gold jewellery may consider delaying purchases, unless prices stabilize or correct slightly.
Is Gold Still a Safe Investment in Pakistan?
Despite record-high prices, gold continues to be considered one of the safest investment options in Pakistan. Factors supporting this view include:
- Rupee depreciation
- High inflation
- Limited reliable investment alternatives
- Cultural preference for gold
However, experts advise diversification rather than putting all savings into gold at peak levels.
Market Outlook: Will Gold Prices Go Higher?
Analysts believe gold prices may remain volatile in the coming weeks. Much will depend on:
- Global inflation data
- Interest rate decisions by major central banks
- Geopolitical developments
- Movement of the US dollar
If international gold prices stay elevated, local prices in Pakistan are likely to remain above Rs. 5 lakh per tola.
FAQs Gold Price Crosses Rs. 5 Lakh for the First Time in Pakistan
Why did gold cross Rs. 5 lakh per tola in Pakistan?
The rise is mainly due to a sharp increase in international gold prices and ongoing global economic uncertainty.
What is the current gold price in Pakistan today?
Gold is currently priced at Rs. 506,362 per tola.
Who announces official gold prices in Pakistan?
Prices are issued by the All-Pakistan Gems and Jewellers Sarafa Association.
Is this a good time to buy gold?
It depends on your investment goals. Long-term investors may still consider gold, but short-term buyers should be cautious.
Did silver prices also increase?
Yes, silver rose by Rs. 64 to Rs. 9,933 per tola.
Conclusion
The crossing of Rs. 5 lakh per tola marks a historic moment for Pakistan’s gold market. Driven by strong international gains, gold has reaffirmed its status as a safe-haven asset during uncertain times. While the surge has made gold less accessible for many buyers, it continues to attract investors seeking stability and long-term value.
