Karachi, February 3, 2025 – Gold prices in Pakistan soared to a historic peak on Monday, reaching Rs 292,400 per tola, driven by a record-breaking surge in international bullion markets.
The latest increase underscores the ongoing upward momentum in gold prices, reflecting both local and global economic trends.
In the domestic market, the price of 24-karat gold per tola climbed by Rs 200 from the previous all-time high of Rs 292,200. Likewise, the rate for 24-karat gold per 10 grams rose by Rs 171, settling at Rs 250,685 compared to the last closing of Rs 250,514. The continued appreciation in gold prices has been a key focus for investors and traders, who are closely monitoring market trends.
Experts in the bullion market attributed this sharp rise in gold prices to the consistent increase in international valuations. The global gold price per ounce advanced by $2, reaching a record high of $2,799 from the last closing figure of $2,797. This upward trend in international gold prices has had a direct impact on local markets, pushing gold prices in Pakistan to new heights.
Gold prices have been on a steady incline in recent months, with rising inflation and economic uncertainties prompting investors to seek refuge in precious metals. Analysts believe that ongoing geopolitical tensions, inflationary pressures, and currency fluctuations have contributed to the surge in gold prices both globally and locally.
The rising gold prices have also affected the jewelry market, with consumers and traders expressing concerns over affordability. The consistent increase in gold prices in Pakistan has led to a cautious approach among buyers, as high prices deter traditional gold purchases for weddings and investments.
While short-term fluctuations in gold prices may occur, analysts predict that gold will continue to remain a strong asset class, attracting investors looking for stability amid economic volatility. The persistent upward trajectory of gold prices in Pakistan reflects broader global trends, making it a crucial indicator for financial markets and investment strategies.
