Karachi, March 5, 2025 – The domestic bullion market witnessed an upward trend on Wednesday as gold prices in Pakistan surged to Rs 307,000 per Tola, following an increase in international markets.
The consistent rise in gold prices has fueled investor interest, reflecting the global demand for the precious metal amid uncertain economic conditions.
The gold prices of 24-karat per Tola recorded an increase of Rs 700, climbing from the previous day’s close of Rs 306,300. This marks yet another significant hike as local investors and traders respond to global market fluctuations. Notably, gold prices in Pakistan recently reached an all-time high of Rs 309,500 per Tola on February 24, 2025, setting a record for the domestic bullion market.
Similarly, the gold prices of 24-karat per 10 grams rose by Rs 601, bringing the new rate to Rs 263,203, up from the last session’s closing of Rs 262,602. The steady appreciation in gold prices highlights its growing role as a safe-haven asset during periods of economic and geopolitical uncertainty.
According to bullion market experts, the primary reason behind the continued increase in gold prices in Pakistan is the rising trend in international markets. Analysts point out that ongoing geopolitical tensions and fluctuations in currency values have made gold prices highly volatile in recent weeks, compelling investors to turn to the metal for wealth preservation.
In the global markets, gold prices recorded a gain of $3, reaching $2,921 per ounce, compared to the previous day’s closing at $2,916 per ounce. This steady rise indicates strong global demand, with central banks and institutional investors adding to their gold reserves.
As gold prices continue their upward trajectory, local traders anticipate further volatility, with market sentiment being shaped by global economic indicators and currency market dynamics. With Tola rates reaching new highs, investors are keenly observing international trends to gauge the future direction of gold prices in Pakistan.