Karachi, March 24, 2025 – Gold prices in Pakistan continued their upward trend on Monday, gaining Rs 600 per tola as fluctuations in the international market impacted the local bullion rates.
Investors seeking safe-haven assets have fueled a rise in global gold demand, influencing domestic prices.
The price of 24-karat gold per tola climbed to Rs 318,600, up from Saturday’s closing rate of Rs 318,000 in Pakistan’s local markets. Similarly, 10 grams of 24-karat gold saw an increase of Rs 515, reaching Rs 283,148 compared to the previous session’s closing of Rs 272,633. This persistent rise in gold prices highlights growing investor interest amid economic uncertainty.
Gold prices in Pakistan had already reached an all-time high of Rs 319,000 per tola on March 19, 2025, reflecting the ongoing impact of global market volatility. Experts believe that fluctuations in international markets, driven by geopolitical instability and shifting economic policies, have played a key role in determining local gold prices.
According to bullion market analysts, the increase in gold prices was closely linked to a rise in the international spot rate. In the global markets, the price of gold surged by $5 per ounce, reaching $3,027, up from last Saturday’s closing of $3,022. This upward momentum suggests that investors are continuing to buy gold as a hedge against inflation and currency depreciation.
Market experts note that fluctuations in the value of the Pakistani rupee against the US dollar have also contributed to gold prices in Pakistan. A weaker rupee makes imported commodities, including gold, more expensive for local buyers. The ongoing economic uncertainty, along with rising global demand, has led many investors to turn to gold as a reliable store of value.
As gold prices remain elevated, traders in Pakistan anticipate further volatility in the coming weeks. Any significant changes in global market trends, geopolitical developments, or foreign exchange rates could continue to impact local gold prices. Investors are advised to monitor global trends closely while making investment decisions in the bullion market.