Karachi, September 30, 2025 – The precious metal gold soared to unprecedented levels in both Pakistan and international markets on Monday, driven by expectations of a U.S. Federal Reserve rate cut and rising global uncertainty.
In the local bullion market, the price of 24-karat gold per tola jumped by Rs3,178, reaching a new all-time high of Rs406,778 in Pakistan. Likewise, the rate of 24-karat gold per 10 grams surged by Rs2,725, settling at Rs348,746. This steep increase has added pressure on jewelers and ordinary buyers alike, as demand for gold jewelry remains steady despite the sharp rise in costs.
On the global front, gold prices climbed by $37 to hit a fresh peak of $3,855 per ounce in international trading. Analysts believe that the combination of fears over a potential U.S. government shutdown and the likelihood of monetary easing by the Federal Reserve has significantly boosted investor appetite for safe-haven assets like gold.
Market observers in Pakistan explained that the surge is not just a reflection of international trends but also linked to the country’s currency volatility, which amplifies the local price of gold. They further warned that if the bullish sentiment continues, gold could test the psychological barrier of $4,000 per ounce in the coming weeks.
With uncertainty lingering in both Pakistan and abroad, gold is expected to remain the preferred refuge for investors seeking stability in turbulent times.