Karachi, April 10, 2025 – In a dramatic turn of events, gold prices in Pakistan surged to an all-time high on Thursday, reaching a historic Rs 328,800 per Tola.
The sharp increase in prices has left both investors and consumers stunned, as uncertainty in the global markets continues to fuel the precious metal’s rally.
According to market data, the gold prices of 24-karat gold per Tola jumped by a staggering Rs 7,800 from the previous day’s closing of Rs 321,000. This sharp rise shattered the earlier record of Rs 325,500 per Tola, which was set just a week ago on April 3, 2025.
Similarly, the price of 24-karat gold per 10 grams saw a significant hike of Rs 6,688, reaching Rs 281,893, up from Wednesday’s Rs 275,205. These record-setting prices have been driven primarily by the volatility in global bullion markets, which continue to react to mounting trade tensions and uncertainty surrounding international tariffs.
In the global market, gold prices soared to $3,118 per ounce, marking a notable rise from the previous close of $3,040. Analysts attribute the global price rally to a growing shift among investors toward safe-haven assets, particularly as economic outlooks become more fragile due to continued trade disputes and inflationary fears.
“Gold has always been a traditional hedge against economic instability,” said a senior bullion trader at Karachi’s Sarafa Bazaar. “With rising concerns about global trade and inflation, more investors are moving their funds into gold, pushing prices to new highs.”
Local jewellers also reported reduced consumer footfall, noting that many buyers are holding off purchases, anticipating a possible correction in the coming weeks. However, investors appear to be flocking to gold as a secure store of value in these uncertain times.
As the global economic landscape continues to shift, market watchers expect further fluctuations in gold prices, making it a closely watched indicator in both local and international financial circles.