KARACHI: The price of gold in Pakistan surged to Rs357,000 per tola on July 3, driven by increased demand in global markets.
This rise reflects a broader trend of strong buying in international markets, with gold prices climbing steadily.
According to the latest figures from the Saraffa Association, the price of gold per tola rose by Rs800, while the rate for 10 grams increased by Rs685, closing at Rs306,069.
Gold Rates on July 3:
| Gold | Value |
| Gold Price per Tola | 357,000 |
| Change in Price per Tola | +800 |
| Gold Price per 10 Grams | 306,069 |
| Change in Price per 10 Grams | +685 |
This upward shift comes after a brief dip the day before, when gold prices fell by Rs600 to Rs356,200 per tola.
Gold Price Movement This Week:
| Dates | Price |
| 30-June | Rs350,200 |
| 28-June | Rs349,400 |
| 27-June | Rs351,000 |
| 26-June | Rs356,000 |
| 25-June | Rs354,665 |
| 24-June | Rs354,365 |
| 23-June | Rs358,165 |
The market has shown typical fluctuations, but overall, gold prices have stayed strong, influenced by international trends and investor behavior.
As markets reopened after the Eid holidays, demand for precious metals surged, pushing prices to new highs. In the international market, gold reached $3,350 per ounce, up $8 from the previous session.
Silver also followed this trend, with its price increasing by Rs55 to Rs3,871 per tola. Market analysts point to ongoing global economic uncertainty and local buying activity as key reasons behind the current price hikes in both gold and silver.