Karachi, June 5, 2025 – Gold prices in Pakistan witnessed a significant upswing on Thursday, climbing by Rs4,300 per Tola amid strong gains in the international bullion markets.
The sharp increase is being closely watched by investors and traders alike as market volatility continues.
With this latest rise, the price of 24-karat gold per Tola in Pakistan reached Rs358,400, up from the previous day’s closing of Rs354,100. This marks one of the steepest daily hikes in recent weeks. Although still below the record high of Rs363,700 per Tola recorded on April 22, 2025, today’s increase reflects renewed investor interest in the precious metal.
In line with the upward trend, the price of 24-karat gold per 10 grams also surged by Rs3,687, settling at Rs307,270 compared to Wednesday’s closing price of Rs303,583. These fluctuations have a direct impact on the local jewelry and investment markets, where gold remains a preferred asset, particularly during economic uncertainty.
Experts in Pakistan’s bullion markets attribute the surge in domestic gold prices to a parallel rise in international rates. Global gold prices jumped by $43 on Thursday, closing at $3,400 per ounce, up from the previous session’s $3,357. Analysts point to ongoing geopolitical tensions and trade uncertainties as major contributors to the international rally, which is now influencing local prices.
“Gold continues to be a safe-haven investment, especially during times of financial instability and global unrest,” said a senior bullion trader in Karachi. “Pakistan’s gold prices are tightly linked to movements in international markets, and even minor shifts can have a dramatic impact locally.”
The increased prices have prompted cautious optimism among sellers but added strain for buyers, especially those looking to purchase gold jewelry ahead of weddings or festivals. In Pakistan, where gold is not only a financial asset but also a cultural staple, especially in dowries and Eid gifts, such steep price hikes affect household budgets significantly.
As gold prices remain volatile, traders across Pakistan will be keeping a close watch on both domestic demand and international developments. The market is now speculating whether gold could soon retest its previous all-time high of Rs363,700 per Tola if current global trends persist.