Karachi, March 17, 2025 – Gold prices in Pakistan surged to a historic high on Monday, reaching Rs 314,800 per tola, marking an all-time record in the domestic bullion market.
The latest increase saw gold prices for 24-karat per tola jump by Rs 1,100 from the previous closing rate of Rs 313,700. This new peak comes just days after gold prices in Pakistan had previously set a record at Rs 314,000 per tola on March 14, 2025.
Similarly, gold prices for 24-karat per 10 grams also witnessed a notable rise, climbing Rs 943 to reach Rs 269,800, compared to the last closing rate of Rs 268,857 in the local market.
Why Are Gold Prices Rising in Pakistan?
Market analysts and bullion experts have attributed the continued increase in gold prices in Pakistan to global economic uncertainties and geopolitical tensions. They noted that gold, being a traditional safe-haven asset, tends to experience strong demand during periods of market instability, driving prices higher.
Additionally, the devaluation of the Pakistani rupee against the US dollar has further contributed to the spike in gold prices. A weaker currency makes imported commodities like gold more expensive, leading to a direct impact on prices in the local market.
Gold Prices in the International Market
The upward trend is not limited to Pakistan, as gold prices in the international markets also showed a significant increase. The price of gold per ounce rose by $13, closing at $2,997, up from the previous level of $2,984.
Experts suggest that inflation concerns, potential interest rate cuts by the US Federal Reserve, and ongoing geopolitical tensions are key factors influencing the global gold prices. Given the current market dynamics, many analysts believe that gold prices could continue their upward trajectory in the coming days.
With Pakistan’s economy facing persistent inflationary pressures and currency fluctuations, gold remains a preferred investment choice for many investors looking to hedge against financial uncertainty. The latest record-breaking rally in gold prices further underscores the importance of this precious metal in the country’s economic landscape.