Karachi, January 24, 2025 – Gold prices in Pakistan soared to a historic peak on Friday, reaching an all-time high of Rs 289,600 per Tola due to a significant surge in the international markets.
The latest jump in prices marks a dramatic increase of Rs 2,900 from the previous day’s closing of Rs 286,700 in Pakistan’s local markets.
The recent surge in gold prices in Pakistan comes just months after the previous record, which was set on October 30, 2024, at Rs 287,900 per Tola.
The current price surpasses this previous high, reflecting the global market trends influencing local price movements. The price of 24-karat gold per 10 grams also saw a notable increase, rising by Rs 2,486 to reach Rs 248,285, compared to Rs 245,799 on the previous day in domestic markets.
Experts in the bullion market attribute this sharp increase in gold prices in Pakistan to a surge in the global markets, which has seen the price of gold per ounce rise by $29, reaching $2,772 from the previous day’s closing of $2,743. The international price jump has directly impacted the domestic pricing, pushing the local gold rates to unprecedented levels.
The significant rise in gold prices in Pakistan reflects broader global economic trends, including shifts in investor sentiment, inflation concerns, and geopolitical factors that often lead to increased demand for gold as a safe-haven investment. This increase in the precious metal’s value is expected to have a ripple effect on the jewelry industry, consumers, and investors in Pakistan, where gold remains a popular store of wealth.
As the price of gold in Pakistan continues to rise, many analysts are predicting that it could reach even higher levels if the global economic uncertainty persists. Investors in Pakistan are closely monitoring global market trends, knowing that gold could serve as a reliable hedge against inflation and market volatility. As of now, the all-time high gold prices in Pakistan signify both a challenge and an opportunity for those involved in the precious metal market.