Karachi, April 12, 2025 – The gold rally in Pakistan continues to intensify, with the precious metal soaring to fresh peaks on Saturday.
In local markets, the price of 24-karat gold reached an unprecedented Rs 340,600 per tola, inching closer to the Rs 341,000 milestone. This marks the second consecutive day of record-breaking gains in the domestic bullion market.
According to market sources, the price of 24-karat gold per tola surged by Rs 1,800 from Friday’s closing of Rs 338,800. Similarly, the price for 24-karat gold per 10 grams rose by Rs 1,543, settling at Rs 292,009—up from the previous day’s Rs 290,466. These upward moves underscore the persistent demand and investor interest in the precious metal across Pakistan.
Experts in the bullion trade attribute the fresh gains to ongoing uncertainty in global markets, which has boosted gold’s appeal as a safe-haven asset. Tariff tensions fueled by the U.S. government’s recent policy decisions have rattled financial markets worldwide. As a result, investors have redirected their focus toward stable commodities like gold, leading to a surge in both international and local prices.
Global gold prices also climbed to fresh record levels, increasing by $18 to hit $3,236 per ounce, up from the previous close of $3,218. The continuous rise in international gold prices has had a direct impact on the local market in Pakistan, pushing rates to new peaks and sparking fresh interest among both small and institutional investors.
Analysts further note that the simultaneous decline in crude oil prices has created additional momentum for gold buying, as investors seek refuge in traditionally safer assets. The bullish trend is expected to persist as long as geopolitical and economic uncertainties remain high.
With Pakistan’s economy closely tied to global trade and commodity markets, movements in international bullion rates are being closely watched. The continued climb of gold to fresh peaks not only reflects global investor sentiment but also signals cautious optimism among local traders and buyers. If the current trajectory holds, Pakistan may soon witness gold breaching the psychological barrier of Rs 341,000 per tola—a milestone that highlights the metal’s growing allure amid market volatility.