The rush of global markets toward safe‑haven assets has once again put gold in the spotlight, as traders in Karachi, Lahore and Islamabad keep a close eye on the metal’s day‑to‑day swings. Against this backdrop, the price of a single tola of gold in Pakistan jumped sharply on Thursday.
Local bullion dealers reported that the tola, equivalent to 11.66 grams, rose by Rs 11,200, settling at Rs 465,236. The increase marks the steepest one‑day gain in the past month and pushes the price well above the six‑month average that had hovered around Rs 430,000.
The surge mirrors a parallel rally in international markets, where spot gold surged past the US $1,950 per ounce mark amid heightened geopolitical uncertainty and a weakening US dollar. Analysts note that the combined effect of rising commodity prices and inflationary pressures abroad often filters through to Pakistan’s domestic rates, especially given the country’s reliance on imported gold.
For Pakistani investors, the jump carries several immediate implications. Jewellery retailers anticipate a short‑term squeeze on inventory, while small‑scale savers who view gold as a hedge against rupee depreciation may face higher entry costs. At the same time, the State Bank of Pakistan is likely to monitor the development closely, as persistent upward pressure on gold can influence overall inflation trends and affect monetary‑policy deliberations.