Karachi, May 19, 2025 – Gold prices in Pakistan soared sharply on Monday, witnessing a rise of Rs4,000 per Tola, driven by a strong bullish trend in global markets.
The latest increase has brought the price of 24-karat gold to Rs342,500 per Tola in local bullion markets, up from the previous closing rate of Rs338,500 per Tola.
The rate for 24-karat gold per 10 grams also surged by Rs3,429, reaching Rs293,638 from the earlier price of Rs290,209. The rapid rise in local gold prices is being closely linked to global market dynamics, where the precious metal continues to gain traction as a safe-haven asset.
Gold dealers and analysts attribute the upward movement in Pakistan’s gold prices to the consistent rally in international markets. On the global front, gold climbed by $40 per ounce, reaching $3,241 from the previous day’s closing of $3,201 per ounce. Experts say investors around the world are turning to gold amid persistent economic uncertainties, inflation concerns, and volatile financial markets.
The latest spike brings gold prices in Pakistan closer once again to their all-time high of Rs363,700 per Tola, recorded on April 22, 2025. This suggests that if the global uptrend continues, local markets may see prices testing or even surpassing previous records.
“Gold is responding to global cues,” said one bullion trader in Karachi. “As long as the global market shows strength, we can expect local gold prices per Tola to follow the same trajectory.”
The term “Tola,” a traditional South Asian unit of mass, remains a standard reference in Pakistan’s gold trade, with price fluctuations per Tola closely watched by investors and jewelry buyers alike. With both global and domestic gold prices rising, many in Pakistan are now reassessing their buying strategies, especially as prices per Tola continue to climb in line with international market sentiment.