Karachi, March 13, 2025 – The gold prices in Pakistan soared on Thursday, nearing an all-time high after a sharp increase of Rs 2,800 per tola.
The latest surge has brought gold prices of 24-karat per tola to Rs 309,300, up from the previous day’s closing of Rs 306,500 in domestic markets. The all-time highest level of gold prices in Pakistan was recorded at Rs 309,500 per tola on February 24, 2025.
Similarly, the gold prices of 24-karat per 10 grams increased by Rs 2,400, reaching Rs 265,174 compared to the previous day’s closing rate of Rs 262,774 in the local markets of Pakistan.
Market analysts link the steep rise in gold prices to developments in the international bullion market, where gold prices surged due to economic uncertainties and increased demand. Additionally, the rising value of the US dollar in Pakistan has further fueled the upward momentum in gold prices, making it a more attractive investment option.
In the global market, gold prices witnessed a notable gain of $27, bringing the price per ounce to $2,942, compared to the previous day’s closing at $2,915. The steady increase in gold prices reflects heightened investor interest, geopolitical concerns, and fluctuating currency values, all of which contribute to the bullish trend in Pakistan’s gold market.
With gold prices nearing historic highs, traders and investors in Pakistan remain vigilant, closely monitoring both local and international market trends. The continued volatility in currency exchange rates and economic indicators suggests that gold prices in Pakistan may remain on an upward trajectory in the near future.
Experts also point out that rising inflation and uncertainty in financial markets have led many investors to turn to gold as a safe-haven asset. The increasing demand for gold in Pakistan has resulted in a supply shortage, further contributing to the price hike. Jewelers report that despite high gold prices, consumer interest in gold jewelry and investment bars remains strong. If current trends continue, gold prices in Pakistan may break previous records, prompting further speculation in the bullion market. Investors are advised to closely follow market movements before making buying or selling decisions.