Karachi, May 5, 2025 – Gold prices in Pakistan witnessed a significant jump on Monday, rising sharply by Rs7,800 per tola amid a robust upward trend in global bullion markets.
This surge reflects heightened demand for gold as investors seek safety amid ongoing global uncertainties.
According to market data, the price of 24-karat gold per tola in Pakistan increased to Rs350,000 from the previous closing of Rs342,200. Similarly, the price of 24-karat gold per 10 grams climbed by Rs6,687, reaching Rs300,068 from Rs293,381 in Pakistan’s local markets. Despite this rise, gold prices still remain below the all-time high of Rs363,700 per tola, recorded in Pakistan on April 22, 2022.
Analysts and bullion traders attributed the sharp increase in domestic gold prices to movements in the global markets. They noted that global gold prices surged by $76, reaching $3,316 per ounce compared to the previous closing of $3,240. The recent global rally is being fueled by growing geopolitical tensions, including trade disputes and conflict zones, which have driven investors towards safe-haven assets like gold.
“Pakistan’s bullion market remains highly sensitive to global trends. When global gold prices climb due to economic or political turmoil, local prices respond instantly,” said a senior bullion trader based in Karachi. He added that currency fluctuations and import dynamics also play a critical role in determining Pakistan’s gold rates.
The global appetite for gold has intensified over recent weeks, as investors hedge against inflation and geopolitical risks. Central banks in several countries have also increased their gold reserves, contributing to sustained demand in the global market. Pakistan, being an import-dependent country for gold, mirrors these international developments in its domestic pricing.
With both local demand and global prices on the rise, gold continues to serve as a traditional hedge against economic volatility in Pakistan. However, market watchers caution that if global tensions escalate further, Pakistan could see additional upward pressure on gold rates in the coming weeks.
As the global economic landscape remains uncertain, gold is once again proving to be a reliable store of value — both globally and within Pakistan.