Karachi, March 19, 2025 – The gold market in Pakistan surged to a new all-time high on Wednesday, with prices reaching Rs 319,000 per tola. This significant increase in gold prices was attributed to escalating geopolitical tensions in the Middle East, which have driven global investors toward safe-haven assets.
The price of 24-karat gold per tola extended its upward momentum, gaining Rs 1,650 from the previous day’s closing of Rs 317,350, which was the previous record high in Pakistan. Similarly, the price of 24-karat gold per 10 grams climbed by Rs 1,415 to reach Rs 273,491, compared to the last closing rate of Rs 272,076 in domestic markets.
According to bullion market experts, the persistent surge in gold prices in both local and international markets reflects heightened uncertainty due to geopolitical developments. They noted that renewed Israeli aggression has triggered volatility in commodity markets, leading to increased demand for gold as a safe-haven asset. In Pakistan, the rising trend is further amplified by fluctuations in the rupee-dollar exchange rate, impacting local gold valuations.
On the international front, gold prices jumped by $16 to reach $3,038 per ounce, surpassing the previous close of $3,022 per ounce. Analysts attribute this rise to investor anxiety over prolonged instability in the Middle East, as well as expectations of lower interest rates by major global economies, which support bullion demand.
The increasing gold prices in Pakistan pose both opportunities and challenges for investors. While traders in the bullion market anticipate continued demand, consumers looking to buy jewelry and other gold products may face affordability concerns. The ongoing economic situation in Pakistan, coupled with import restrictions, could further influence local pricing trends.
Market analysts suggest that unless geopolitical tensions ease or economic conditions in Pakistan stabilize, gold prices may continue their upward trajectory. Investors and traders alike are closely monitoring developments in both regional politics and global financial markets to assess the future outlook for gold.