Karachi, February 17, 2025 – Gold prices in Pakistan experienced a notable increase on Monday, rising by Rs 1,700 per Tola, driven by upward trends in international markets.
According to reports from the domestic bullion markets, the price of 24-karat gold per Tola climbed to Rs 303,200, up from the previous close of Rs 301,500. This surge follows a record high of Rs 306,200 per Tola recorded on February 14, 2025. Market analysts highlighted the significant movement as reflective of international gold market dynamics.
Alongside the increase per Tola, the price of 24-karat gold per 10 grams also saw a rise, moving up by Rs 1,458 to reach Rs 259,945 from the prior closing of Rs 258,487. The consistent upward trend in gold prices in Pakistan has raised concerns among investors, who continue to monitor global developments closely.
Experts in the bullion market attributed the spike in gold prices per Tola to increased uncertainty in global markets, largely driven by escalating geopolitical tensions in the Middle East. They noted that gold, being a safe-haven asset, tends to attract more investment during times of uncertainty, which consequently pushes prices higher.
In the international markets, gold prices rose by $17, reaching $2,900 per ounce compared to the previous $2,883. This international surge significantly influenced the domestic markets, resulting in the sharp increase per Tola in Pakistan.
Market observers believe that gold prices in Pakistan may remain volatile in the coming weeks if geopolitical tensions persist. The frequent fluctuations in international gold prices are directly impacting the local markets, with gold per Tola seeing repeated adjustments in response to global developments.
As of now, investors and jewelry traders are advised to stay updated on international trends, as these directly influence gold prices per Tola in the domestic market. The sustained upward movement continues to draw attention, making gold a focal point for both short-term traders and long-term investors alike.