Karachi, March 7, 2025 – Gold prices in Pakistan witnessed a significant increase on Friday, climbing by Rs 3,000 per tola amid heightened global market fluctuations. The surge in gold rates reflects the ongoing volatility in the international bullion market and the changing economic landscape.
The price of 24-karat gold per tola in Pakistan rose to Rs 307,000, up from the previous day’s closing of Rs 304,000. This recent uptrend brings gold prices closer to the all-time high of Rs 309,500 per tola recorded on February 24, 2025. Similarly, the price of 24-karat gold per 10 grams increased by Rs 2,571, reaching Rs 263,203 compared to the previous day’s closing of Rs 260,630 in Pakistan’s local market.
Market analysts attributed the spike in gold prices in Pakistan to ongoing fluctuations in global markets. The instability is being driven by economic uncertainty, geopolitical tensions, and fluctuations in currency exchange rates. Experts note that investors continue to seek gold as a safe-haven asset amid these uncertain times, leading to increased demand and higher prices.
In the global market, gold prices surged by $28 per ounce, reaching $2,921 from the previous day’s closing of $2,893. The global bullion market has been experiencing heightened volatility, with shifting investor sentiment impacting demand and supply dynamics. As a result, the gold price trend in Pakistan remains heavily influenced by movements in international markets.
Pakistan’s gold market remains sensitive to global economic indicators, particularly inflation rates, interest rate decisions by major central banks, and fluctuations in the US dollar. As inflationary pressures persist globally, gold continues to be a preferred investment option for those looking to hedge against currency devaluation and economic uncertainty.
With the global gold market experiencing ongoing shifts, traders and investors in Pakistan are closely monitoring developments. Analysts suggest that unless stability returns to global financial markets, gold prices in Pakistan may continue their upward trajectory in the coming weeks. The interplay between global market trends and domestic economic conditions will be crucial in determining the future movement of gold prices in Pakistan.