Karachi, February 10, 2025 – Gold prices in Pakistan soared to an all-time high on Monday, reaching Rs 303,000 per Tola. The sharp increase follows a record-breaking trend in international markets, driven by economic uncertainties and global geopolitical tensions.
The price of 24-karat gold per Tola surged by Rs 4,000, climbing from the last closing rate of Rs 299,000. This new high surpasses the previous record of Rs 300,046 per Tola, registered on February 7, 2025. Similarly, the price of 24-karat gold per 10 grams saw a significant rise of Rs 3,429, jumping to Rs 259,773 from the prior closing of Rs 256,344 in domestic markets.
According to bullion market experts, the surge in gold prices within Pakistan is closely tied to trends in international markets. Analysts point to recent statements by US President Donald Trump regarding Middle Eastern affairs, which have fueled uncertainty in global commodity markets, particularly affecting gold prices. As a result, investors have turned to gold as a safe-haven asset, driving prices upward.
On the international front, gold prices recorded a sharp increase of $42 per ounce, reaching an unprecedented high of $2,903, compared to the previous rate of $2,861 per ounce. The volatility in international markets continues to influence gold rates in Pakistan, pushing the price per Tola higher.
Market observers believe that if global geopolitical tensions persist, gold prices per Tola in Pakistan may experience further hikes in the coming weeks. Economic factors, including inflation and currency fluctuations, are also expected to play a crucial role in determining the future trajectory of gold prices.
The rise in gold prices per Tola has significant implications for both investors and consumers in Pakistan. With gold being a key component of cultural traditions, particularly in weddings and investments, the soaring price per Tola adds pressure on buyers. However, investors view the surge as an opportunity to hedge against economic instability.
As international markets continue to fluctuate, experts recommend closely monitoring trends before making gold-related transactions. The movement of gold prices per Tola remains unpredictable, making it a focal point for financial analysts and market participants alike.