Karachi, April 22, 2025 – The price of gold in Pakistan continued its relentless climb on Tuesday, surging to a historic high of Rs363,700 per Tola, setting alarm bells ringing among buyers and investors alike. This unprecedented rise reflects the growing influence of global economic volatility on the local bullion market.
According to market sources, the price of 24-karat gold per Tola in Pakistan jumped by Rs5,900 compared to Monday’s closing rate of Rs357,800, marking one of the sharpest single-day increases this year. Additionally, the price of 24-karat gold per 10 grams also soared by Rs5,059, settling at Rs311,814, up from the previous level of Rs306,755.
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Bullion traders in Pakistan attributed this dramatic spike to the continued escalation in gold prices on the international stage. On Tuesday, the global market saw gold prices surge by $59, reaching a new record of $3,454 per ounce, up from $3,395 just a day earlier. Analysts say that mounting economic uncertainties, triggered by rising geopolitical tensions and new tariff measures initiated by the United States and countered by major global economies, have created increased demand for safe-haven assets like gold.
“Whenever there is turmoil in the global economy, investors shift their capital into gold as a stable store of value,” said a senior bullion trader in Karachi. “Pakistan’s gold market is directly affected by such global shifts, especially since we rely heavily on imports and are sensitive to changes in international pricing.”
The price rally has left jewelry buyers in Pakistan stunned, as weddings and festive seasons typically drive up demand for Tola-based gold jewelry. Retailers have reported reduced footfall, with many customers delaying purchases in hopes of a price correction.
With no signs of international stability on the horizon, experts warn that gold prices in Pakistan may continue their upward trajectory, keeping the per Tola rate volatile. As the precious metal becomes increasingly inaccessible to the average consumer, policymakers and market observers alike are keeping a close eye on further developments.
For now, gold in Pakistan remains not just a luxury but an economic indicator, shining brighter amid uncertainty.