Karachi, April 11, 2025 – Gold prices surged to unprecedented levels across the world on Friday, with Pakistan also witnessing a historic peak. In local markets, the price of 24-karat gold per tola climbed sharply to Rs 338,800 — an increase of Rs 10,000 from the previous all-time high of Rs 328,800 recorded just a day earlier.
Similarly, the price of 24-karat gold per 10 grams saw a notable jump of Rs 8,573, reaching Rs 290,466 compared to Thursday’s closing rate of Rs 281,893. This dramatic rise in the precious metal’s value has been mirrored around the world, as international markets also saw gold prices break previous records.
Experts in the bullion trade pointed to the ongoing global trade tensions as a key factor behind the surge. The United States has implemented sweeping reciprocal tariffs on imports, prompting retaliatory measures from other countries. This escalating tariff war has created widespread uncertainty in international markets, leading investors around the world to seek safer assets.
Amid these global disruptions, oil prices have experienced a sharp decline, further pushing investors toward gold — traditionally viewed as a safe haven during economic volatility. As a result, gold has become the preferred investment option across the world, driving demand and prices to new heights.
On the international front, gold prices per ounce jumped by $100, reaching an all-time high of $3,218, up from $3,118 a day earlier. This marks one of the most significant single-day increases in recent history, reflecting the heightened investor anxiety prevailing worldwide.
The ongoing trend suggests that gold may continue to climb if geopolitical tensions and economic uncertainties remain unresolved. With the world facing unpredictable financial headwinds, gold is once again asserting its status as a global hedge against instability. From Wall Street to the markets of Karachi, all eyes remain fixed on the glittering trajectory of gold — a metal that continues to shine brightest when the world economy dims.