KARACHI, April 15, 2025 — Gold prices in Pakistan witnessed a slight increase on Tuesday, climbing to Rs339,400 per Tola, influenced by upward movements in the international bullion markets.
The modest rise has been largely attributed to global economic uncertainty and tariff tensions.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per Tola rose by Rs600 compared to the previous day’s closing rate of Rs338,800. This marks a continuation of the fluctuating trend that has characterized the local gold market over the past week. It is worth noting that gold prices hit an all-time high of Rs340,600 per Tola in Pakistan on April 12, 2025.
Meanwhile, the rate for 24-karat gold per 10 grams also increased by Rs514, reaching Rs290,980 from Rs290,466 in the domestic market. Market analysts say that such incremental increases reflect the influence of global developments, particularly in the United States.
Bullion market experts link the uptick in gold prices to volatility in the international markets. The recent announcement by former US President Donald Trump regarding a 90-day suspension in the implementation of reciprocal tariffs has created temporary relief, but uncertainty still lingers. This ongoing unpredictability has pushed investors toward safe-haven assets like gold, thereby lifting prices worldwide.
On the global front, the prices of gold per ounce rose by $6, closing at $3,224 compared to the previous rate of $3,218. This steady rise further contributed to the hike in local Tola rates.
Jewelry traders in Karachi’s Sarafa Bazaar say that while consumer demand has been moderate, speculative buying in anticipation of further gains is helping keep gold prices elevated. “Given the trend in global markets, we expect gold prices to remain firm in the coming days,” a senior trader noted.
With geopolitical tensions and economic policies in flux, gold remains a key indicator of market sentiment, and the Tola continues to be the preferred measurement for precious metals in Pakistan.