Karachi, May 28, 2025 – The gold market in Pakistan witnessed a notable surge on Wednesday as prices soared by Rs1,400 per Tola, reflecting global bullish trends in the precious metals market.
This sudden uptick has reignited market buzz among investors and jewelers alike, signaling a renewed appetite for safe-haven assets.
According to market data, the price of 24-karat gold per Tola rose to Rs349,300, up from the previous day’s closing rate of Rs347,900, marking a sharp upward shift. Analysts noted that while still shy of the record high of Rs363,700 per Tola reached on April 22, 2025, this jump reaffirms the volatility of gold prices in Pakistan, heavily influenced by international dynamics.
Similarly, the price of 24-karat gold per 10 grams climbed by Rs1,200, reaching Rs299,468 compared to Rs298,268 a day earlier. This consistent rise in domestic prices mirrors fluctuations in the international market, where gold gained $14 per ounce, closing at $3,309 as compared to $3,295 previously.
Bullion market experts in Pakistan attribute this surge primarily to escalating global geopolitical tensions, which continue to drive demand for gold as a traditional hedge against uncertainty. “Whenever the global situation becomes tense—whether due to conflict, inflation, or currency instability—investors rush toward gold,” said one Karachi-based trader. “Pakistan is no exception; our prices are a direct reflection of these global ripples.”
With the wedding season approaching, many in Pakistan are worried that the rising gold prices per Tola could further strain budgets. Jewelers anticipate a temporary slowdown in consumer demand if prices continue this trajectory.
As global uncertainties persist, the Pakistan gold market remains on high alert, watching for further changes that could drive prices even higher. For now, every Tola tells a tale—not just of value, but of shifting global tides and local concerns.