Gold prices in Pakistan recorded a significant increase on Friday, May 1, 2026, with the per tola rate reaching Rs483,962. The price of 10 grams of gold also rose by Rs3,772, settling at Rs414,919. The increase reflects a strong upward movement in the precious metals market.
The price of 24-karat gold per tola saw a gain of Rs4,400 compared to the previous session. In the international market, gold prices climbed by $44 per ounce, reaching $4,616, which played a key role in driving local prices higher.
Silver prices also followed an upward trend, increasing by Rs55 to reach Rs7,821 per tola. Meanwhile, rates for 22K, 21K, and 18K gold also moved up proportionally across different units.
Market analysts attribute the sudden surge primarily to the global rally in gold prices, highlighting its continued appeal as a safe-haven asset during periods of economic uncertainty. The sharp rise comes just a day after a noticeable decline, indicating ongoing volatility in the market.
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