Karachi, October 17, 2025 – In an extraordinary and record-shattering move, gold prices in Pakistan surged to an all-time high on Friday, marking the largest single-day increase in history.
The 24-karat gold rate jumped by a staggering Rs14,100 per tola, taking the yellow metal to a breathtaking new peak of Rs456,900 per tola, as investors rushed to hedge against global uncertainty and economic turbulence.
According to data released by the All Pakistan Gems and Jewellers Association (APGJA), the 24-karat gold price skyrocketed from Rs442,800 per tola a day earlier to Rs456,900, setting an unprecedented record in the local bullion markets.
Meanwhile, the 24-karat gold price per 10 grams also soared by Rs12,089, reaching Rs391,918 compared to the previous day’s rate of Rs379,629. Traders described the surge as a “historic milestone” for Pakistan’s bullion market, as investors poured into gold amid fears of inflation, currency depreciation, and global financial instability.
🌍 Global Gold Prices Also Hit Unprecedented Highs
Bullion experts pointed out that the international gold market was equally on fire, with global prices climbing a massive $141 per ounce, touching a new all-time high of $4,358 per ounce—up from the previous day’s closing of $4,217.
Analysts attribute this extraordinary rally to escalating geopolitical tensions, trade disputes, and a growing flight to safe-haven assets as investors worldwide flee volatile stock markets. “Gold has become the ultimate shield against uncertainty,” said one Karachi-based bullion trader. “Every new conflict, every trade disruption pushes more money into the metal.”
💰 Local Factors Amplifying the Rally
In Pakistan, the ongoing rupee depreciation and import restrictions have further intensified the gold rally. Currency volatility has made precious metals more attractive for investors looking to safeguard their wealth, with local traders confirming heightened buying activity in Karachi, Lahore, and Islamabad markets.
The historic rise also reflects deep public mistrust in traditional investment instruments amid persistent inflationary pressures and political instability. “Gold has once again proven its reputation as the safest store of value,” said another bullion expert. “We may see Rs460,000 per tola sooner than expected if this momentum continues.”
📈 A New Benchmark for Pakistan’s Bullion Market
Friday’s surge has rewritten the history books for Pakistan’s bullion trade, creating shockwaves across jewelry shops and trading circles. Goldsmiths and retailers reported brisk business as speculators rushed to purchase gold before prices climb even higher.
Market analysts warn that if the international trend continues, Pakistan’s gold price could touch Rs470,000 per tola within days — setting another record in the country’s ongoing gold rush.
⚖️ Global Uncertainty Fuels the Gold Boom
Experts forecast continued volatility in the coming weeks as wars, trade tensions, and inflation fears dominate global markets. With investors turning away from equities and currencies, gold’s meteoric rise is being seen as both a reflection of global instability and a symbol of investor anxiety.
For now, Pakistan’s gold market stands on the edge of another potential record — with Rs456,900 per tola marking a new golden era in the country’s economic story.