Karachi, April 29, 2025 – Gold prices in Pakistan continued their upward trajectory on Tuesday, climbing by Rs2,100 per Tola, reflecting the impact of heightened volatility in global markets.
The increase is largely attributed to growing economic uncertainties and fluctuating trends in international bullion prices.
According to data released by local bullion associations, the gold prices for 24-karat per Tola rose to Rs349,200, up from the previous day’s closing of Rs347,100. Meanwhile, the prices of 24-karat gold per 10 grams also saw an increase of Rs1,800, settling at Rs299,382 compared to Monday’s Rs298,582.
This recent surge follows a broader trend observed over the past week. On April 22, 2025, gold prices in Pakistan reached an all-time high of Rs363,700 per Tola, reflecting global investor sentiment shifting towards safe-haven assets amid persistent geopolitical tensions and economic instability. Analysts believe that the volatile global landscape continues to push investors towards gold, boosting both international and domestic prices.
Market experts noted that the rise in domestic gold prices is closely linked with developments in the global bullion market. On the international front, gold prices rose by $21 to close at $3,310 per ounce, up from the previous day’s closing of $3,289. The global demand for gold has intensified as markets react to uncertain central bank policies, rising inflationary pressures, and strained international trade dynamics.
Global financial instability and fears of a slowdown in major economies have further enhanced the appeal of gold as a hedge against uncertainty. As a result, gold prices worldwide remain on an upward trajectory, influencing local markets in Pakistan and other developing nations.
Experts added that unless there is significant stabilization in global indicators—such as inflation, interest rates, and commodity demand—gold prices are likely to remain elevated. For now, the persistent rise in gold prices signals a cautious investment environment, where safe assets continue to outperform more volatile instruments.
In conclusion, Pakistan’s gold prices remain closely tied to global economic developments, with current trends suggesting that any relief in prices will depend heavily on the direction of the global financial and geopolitical climate.