KARACHI – Gold prices in Pakistan registered an increase on Saturday in line with upward trend in global market.
According to jewellers association, the price of per tola gold saw a jump of Rs2,300 to reach Rs428,862 while the price of 10-gram moved up by Rs1,972 to settle at Rs367,680 on last day of the business week.
The upward trend in local market comes from the global market where per ounce rate surged by $23 to climb to $4,065.
Per Tola Gold Rates in Pakistan Today
The gold price has climbed to Rs428,862 per tola today after an increase of Rs2,300 in Pakistan.
Pakistan Lifts Ban on Global Gold Trade
Earlier in the day, the federal government has officially lifted the ban on gold imports and exports providing a major relief to business community engaged in jewellary related trade.
Following an approval from the federal cabinet, the Ministry of Commerce issued a notification restoring the previously suspended Statutory Regulatory Order (SRO) related to the global trade of gold.
The notification also revealed that the government has introduced some amendments to the framework governing the import and export of precious metals and jewellry.
This updated framework will continue to promote transparency and improve the automation of the gold trade process.
The ban on gold exports and imports had been imposed earlier this year in May, following concerns over gold smuggling.
The Ministry of Commerce had suspended the SRO that governs gold trade for 60 days starting from May 6, 2025, as part of efforts to regulate the sector.
Reports indicated that the ban was enforced due to concerns over illegal gold smuggling.
However, with no significant complaints of smuggling in recent months, the government decided to lift the restriction and restore the previous regulations.
