Karachi, July 1, 2025 – In a dramatic turn of events, gold prices in Pakistan soared by a massive Rs6,600 per Tola on Tuesday, driven by a sharp rally in international bullion markets. This unexpected surge has reignited investor interest and intensified market speculation.
According to data from local bullion associations, the price of 24-karat gold per Tola in Pakistan jumped to Rs356,800, up from Rs350,200 a day earlier. This sharp rise brings local rates closer once again to the all-time high of Rs363,700 per Tola, which was recorded on April 22, 2025.
In tandem with the per Tola increase, prices of 24-karat gold per 10 grams in Pakistan also surged by Rs5,658, reaching Rs305,898 compared to the previous day’s close of Rs300,040. This upward trend in domestic gold prices reflects both international market pressures and shifting investor sentiment amid economic uncertainty.
Bullion market experts noted that the global price of gold climbed by $66 per ounce, hitting $3,348 from the previous day’s level of $3,282. This international rally has been attributed to ongoing geopolitical tensions, weakening of major global currencies, and increasing demand for safe-haven assets like gold.
“Whenever global prices rise sharply, it immediately impacts local rates,” said a senior bullion analyst. “Since Pakistan imports gold, fluctuations in international markets directly influence Tola prices in Pakistan.”
The surge in gold prices in Pakistan comes at a time when inflation and currency depreciation are already placing financial stress on consumers. As a result, many traditional gold buyers are finding it difficult to keep up with the rising Tola rates, particularly in the wedding season.
Analysts predict that if the global rally continues, gold prices in Pakistan may once again test the April peak. Buyers are now keeping a close eye on global indicators and local currency performance for any signs of a correction.
With investors turning to gold as a safe haven, all eyes remain on future Tola prices in Pakistan, as the precious metal continues its dramatic climb.