Gold Prices Rise in Pakistan: Tola Jumps by Rs2,300
Gold prices rise in Pakistan significantly this Saturday. The increase amounts to Rs2,300 per tola. This data comes from the All Pakistan Gems and Jewellers Association. Following this increase, the price of gold reached Rs428,862 per tola. This latest surge affects the entire local market.
Similarly, the price for a smaller quantity also increased. Ten grams of gold went up by Rs1,972. This brought the new rate to Rs367,680. These jumps reflect strong movements both locally and internationally.
Global Market and Regulatory Changes
The international gold market also showed an upward trend. Global gold climbed by $23. It reached $4,065 per ounce. This global rally often dictates local market movements.
Federal Government Lifts Import Ban
The recent price hike follows a major regulatory change. The federal government officially lifted the ban on gold imports and exports. The Federal Cabinet approved this decision. The Ministry of Commerce then notified the public. This move reinstates the previously suspended SRO. This SRO regulates global gold trade.
The ban was originally imposed earlier this year. Specifically, an export and import ban was placed in May 2025. The Ministry of Commerce suspended the relevant SRO for 60 days. This action was taken to regulate trade following complaints of gold smuggling.
Aims for Transparency and Stability
The government has also introduced certain amendments. These changes relate to importing and exporting precious metals and jewelry. The existing trade framework remains largely intact. However, it now features improved transparency measures. Automated processes have also been introduced. These steps aim to prevent illegal trade practices.
The decision to lift the ban and implement reforms signals confidence. It indicates a move towards stable trade practices. This allows the local market to align better with global rates. The continued strong performance of gold prices rise in pakistan will be closely watched. This is especially true given the new trading framework. The overall market hopes for long-term stability.
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