Karachi, January 15, 2025 – Gold prices in Pakistan experienced a significant surge on Wednesday, rising by Rs 2,900 per Tola. This sharp increase is attributed to an uptrend in international bullion markets, driving local gold rates higher.
The price of 24-karat gold per Tola in Pakistan climbed to Rs 280,800, up from the previous day’s closing of Rs 277,900. Notably, gold prices in Pakistan reached an all-time high of Rs 287,900 per Tola on October 30, 2024, reflecting the precious metal’s growing appeal as a safe-haven investment.
Similarly, the price of 24-karat gold per 10 grams also increased by Rs 2,487, settling at Rs 240,741 compared to the prior day’s closing of Rs 238,254. This upward trend underscores the consistent demand for gold in Pakistan’s domestic markets, fueled by both local and global factors.
Bullion market experts have linked the surge in gold prices in Pakistan to rising trends in international markets. On the global front, gold prices rose by $29 per ounce, ending at $2,690 compared to the previous day’s closing of $2,661. The international rally in gold prices reflects heightened investor interest amidst economic uncertainties and currency fluctuations, which have also impacted gold prices in Pakistan.
The consistent rise in gold prices in Pakistan underscores the metal’s status as a reliable hedge against inflation and currency depreciation. With the rupee under pressure and global market dynamics driving demand, gold has remained a preferred asset for investors in Pakistan seeking stability.
Gold prices in Pakistan are closely influenced by global trends, with domestic rates often mirroring movements in international markets. The surge highlights the interconnected nature of Pakistan’s bullion markets with global economic developments. Investors and traders in Pakistan continue to monitor these trends closely to navigate the volatile gold landscape.
As gold prices in Pakistan maintain their upward momentum, the precious metal’s role in preserving wealth and mitigating economic risks remains critical. With both local and international factors contributing to its appeal, gold in Pakistan is expected to stay in demand in the coming months.