Pakistan gold price hits record Rs 429,236 per tola after Rs 4,700 jump
AI Market Summary
Pakistan's domestic gold hit record highs after a sharp $47/oz jump in international bullion to $4,068, highlighting rapid pass-through from global pricing into local spot markets. The country's revised pricing formula (local = international + $20/oz) mechanically amplifies global moves, while silver also rose. The episode underscores heightened safe-haven demand and sensitivity of regional physical markets to global gold volatility.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+1.58%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Domestic gold prices in Pakistan rose for a second straight day, climbing Rs 4,700 per tola to a record Rs 429,236 (about Rs 368,000 per 10 grams). The move followed a $47 surge in international gold to $4,068 per ounce, alongside Pakistan’s pricing formula that sets local rates $20 per ounce above the global price. Silver prices also advanced in the domestic market.
