Gold Price Hits New Record High in Pakistan

The price of 24-karat gold in Pakistan has reportedly hit a new record high, reaching Rs454,336 per tola on Friday, August 7, 2026.

Gold prices in Pakistan continued their upward trend on Friday, with the price per tola reaching Rs454,336 after a gain of Rs5,100 during the day. Similarly, 10-gram gold was sold at Rs389,519 after an increase of Rs4,372, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). In the international market, the rate of gold increased by $51 to $4,319 per ounce, including a $20 premium. Silver prices also saw a significant rise, increasing by Rs280 to reach Rs6,939 per tola.

Gold prices firmed on Friday and are heading for their biggest weekly gain since January, having risen over 5% for the week. Spot gold was up 0.4% at $4,254.11 per ounce as of 0156 GMT, after hitting a seven-week high in the previous session. US gold futures gained 0.3% to $4,312.00. Matt Simpson, a senior analyst at StoneX, noted that $4,000 has proven to be a solid support level. Federal Reserve Bank of St. Louis President Alberto Musalem also stated he favored a boost in short-term rates.

Global gold prices continued to rise on Friday, August 7, 2026, with spot gold increasing by 0.6% to reach $4,262.39 per ounce. The precious metal is on track for its best weekly performance since January, having seen a weekly increase of over 5%. US gold futures also rose by 0.5% to $4,321.50 per ounce. Market analysts attribute this rally to hopes for a ceasefire in the Middle East and softer energy prices, which have eased inflation concerns. US President Donald Trump also expressed hope for a swift end to the ongoing war with Iran. Investors are now focused on the upcoming US July non-farm payrolls report, which will influence the Federal Reserve's future interest rate decisions. The probability of a September interest rate hike has decreased to approximately 55% from 63% a week prior. Other precious metals also saw gains, with silver increasing by 1.3% to $62.27 per ounce and platinum rising by 0.5% to $1,737.25 per ounce. Palladium, however, saw a slight decrease to $1,368.37 per ounce, though all three metals are generally trending upwards weekly.

On August 7, 2026, gold prices in Pakistan opened the new business week with 24-karat gold per tola at Rs449,236, following an increase of Rs11,309 in previous sessions. The price of 10 grams of 24-karat gold opened at Rs385,147 after a jump of Rs9,688 in the previous session. In the international market, gold opened at $4,268 per ounce, an increase of $113 from the previous session.

The latest rates show 22-karat gold priced at Rs400,689 per tola, 21-karat gold at Rs382,476 per tola, and 18-karat gold at Rs327,837 per tola. Silver prices also saw an increase, with the per-tola rate rising by Rs35 to Rs6,659, and 10 grams of silver standing at Rs5,709.

Short-term market indicators suggest continued price volatility, with analysts identifying potential support around $3,951 and possible upward moves extending to $4,645. Gold remains under pressure from a stronger U.S. dollar and expectations of tight monetary policy from the Federal Reserve. However, persistent demand for safe-haven assets is expected to limit significant declines.

On August 6, the price of 24-karat gold surged by Rs11,300 per tola, reaching Rs449,236. The international gold price climbed by $113 per ounce to $4,268, a figure that included a $20 premium. This rally was primarily driven by a strong upswing in international markets and rising global demand for safe-haven assets.

Gold prices in Pakistan increased on Thursday. In the local market, gold price per tola reached Rs449,236 after a gain of Rs11,300 during the day. Similarly, 10-gram gold was sold at Rs385,147 after it increased by Rs9,688, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The international rate of gold was up by $113 to reach $4,268 per ounce. Meanwhile, the price of silver increased by Rs35 to reach Rs6,659 per tola.

Reports indicate that the price of gold could potentially reach Rs 500,000 per tola.

On Wednesday, the price of 24-karat gold in Pakistan increased by Rs 10,000 per tola, reaching Rs 437,936. Similarly, 10 grams of gold saw an increase of Rs 8,573, settling at Rs 375,459. Silver prices also rose by Rs 273 to Rs 6,624 per tola. These figures were shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This surge follows a Rs 500 decline in gold per tola on Tuesday, when it closed at Rs 427,936.