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1h ago

Gold Sets New Highs Worldwide as Pakistan Rates Near Rs410,000 per Tola

Analysts attribute the latest leg higher to sustained central-bank buying alongside a weaker dollar.

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Gold prices
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Overview

  • Spot gold rose about $21 to roughly $3,886 per ounce on October 4, extending a weekly advance of around $127.
  • Pakistan’s per tola rate climbed Rs2,100 today to Rs409,878 after an earlier opening near Rs407,778, taking the weekly gain to Rs12,178.
  • Prices are up about 44% in 2025, approaching $3,895 per ounce globally with local quotes near Rs410,000 per tola.
  • The World Gold Council reports central banks purchased over 200 metric tons through July, with geopolitical risk and dollar weakness also cited as key drivers.
  • Market commentary notes strong ETF and retail inflows, and reports that gold and equities have logged record closes on the same days multiple times this year.