Gold price in Pakistan has soared to record highs, as Pakistan witnesses the biggest single-day increase in the price of 24-karat gold per tola.

Similarly, the price of silver also witnessed a new record, as gold crosses Rs450,000 per tola in Pakistan.

According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola rose by a record Rs14,100, reaching an all-time high of Rs456,900 in the local market.

The rate for 10 grams of 24-karat gold stood at Rs391,718, reflecting an increase of Rs12,089, while 10 grams of 22-karat gold climbed to Rs359,087, showing a gain of Rs11,082.

Global gold prices on rise

In the international market, gold prices increased by $141, reaching $4,358 per ounce. The rise in global prices is attributed to renewed investor interest amid economic uncertainty and currency fluctuations.

Also Read: Gold price in Pakistan hits record high: October 16, 2025

Market analysts said the appreciation of the US dollar and shifting interest rate expectations have pushed investors towards safe-haven assets like gold.

Silver prices also see hike

Silver price in Pakistan also follows the same trend. The rate of 24-karat silver per tola witnesses a massive hike of Rs167 to reach Rs5,504, while 10 grams of silver were being sold for Rs4,718.