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2h ago

Gold Near Records Globally as Pakistan Prices Hit Rs409,878 Per Tola

Persistent central‑bank demand plus a weaker dollar keep the upswing intact.

Gold bars and Financial concept,3d rendering,conceptual image.
Gold prices
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Overview

  • Pakistan’s benchmark rate rose by Rs2,100 on Saturday to Rs409,878 per tola, with 10 grams at Rs351,404, according to APGJSA.
  • International spot gold was quoted around $3,886 per ounce with a reported $20 premium, aligning local gains with global strength.
  • Silver also advanced in Pakistan, with the per‑tola price up Rs57 to Rs4,896, tracking the broader precious‑metals move.
  • In India, IBJA data show 24‑carat prices set new highs during the week before easing slightly, while MCX December gold futures closed near Rs1,18,100 per 10g.
  • This year’s rally reflects robust official‑sector purchases (WGC reports 200+ tonnes in the first seven months), strong ETF inflows, a softer U.S. dollar, and risk‑driven haven demand, with analysts flagging elevated volatility near key $3,900 levels.