Karachi, March 28, 2025 – The price of gold in Pakistan surged to a record-breaking high of Rs 323,380 per Tola, driven by escalating global trade tensions and geopolitical uncertainty in the Middle East.
The price of gold for 24-karat per Tola increased by Rs 2,380, surpassing the previous high of Rs 321,000 per Tola recorded a day earlier. Similarly, the price of 24-karat per 10 grams climbed by Rs 2,041, reaching Rs 277,246 from the previous day’s Rs 275,205 in the local markets of Pakistan.
According to bullion market analysts, the ongoing trade war between major economies and rising conflicts in the Middle East have significantly impacted global commodity prices, pushing gold to record levels. Investors are shifting their assets towards gold as a safe-haven investment amid increasing market volatility.
The rise in gold prices is also attributed to fluctuations in the international market, where the precious metal saw an increase of $22 per ounce, climbing to $3,074 per ounce from the prior day’s close of $3,052 per ounce. The consistent upward trend in global gold prices has directly influenced the local market in Pakistan, leading to record-high rates for both Tola and per-gram prices.
Market experts predict that if global uncertainties persist, gold prices in Pakistan may continue to climb in the coming days. The demand for gold remains strong, especially among investors looking for a hedge against inflation and currency depreciation.
Despite the soaring prices, local jewelers report steady demand ahead of the wedding season in Pakistan, where the tradition of gifting Tola-based jewelry remains deeply rooted. However, some buyers are showing caution, hoping for a potential price correction.
As the situation in global financial markets remains uncertain, traders and investors in Pakistan will closely monitor international gold price movements. Any further escalation in trade wars or geopolitical tensions could push Tola rates even higher, keeping the market on edge.