Karachi, March 18, 2025 – Gold prices in Pakistan surged to a new record high on Tuesday, reflecting uncertainty in global markets and a weakening rupee.
The price of 24-karat gold per tola jumped Rs 2,550, reaching Rs 317,350, surpassing the previous high of Rs 314,800 recorded just a day earlier.
Similarly, gold prices for 24-karat per 10 grams saw a significant rise of Rs 2,186, climbing to Rs 272,076 from the previous day’s Rs 269,890 in the domestic market. The persistent upward trend in gold prices in Pakistan is attributed to heightened global economic uncertainty and geopolitical instability, particularly in the Middle East.
Gold Prices Surge Amid Global Market Volatility
Bullion market analysts noted that the record-breaking surge in gold prices in Pakistan is a direct result of fluctuations in the international market. Investors are increasingly turning to gold as a safe-haven asset, driving demand to unprecedented levels.
On the global front, gold prices soared to an all-time high of $3,022 per ounce, marking a $25 increase from the previous day’s $2,997 per ounce. Analysts attribute this sharp rise to escalating geopolitical tensions and concerns over economic slowdowns in key global economies. The uncertainty in equity and currency markets has further fueled the demand for gold, pushing prices to record levels.
Pakistan’s Economic Factors Driving Gold Prices Higher
Apart from international market trends, gold prices in Pakistan have been impacted by the depreciation of the rupee and higher inflation levels. As the local currency weakens against the US dollar, gold becomes more expensive for domestic buyers, further pushing prices upward.
Gold traders in Pakistan expect prices to remain volatile in the coming days as global economic conditions remain uncertain. Many investors are flocking to gold as a hedge against inflation and currency depreciation, reinforcing the metal’s status as a safe investment option.
With gold prices in Pakistan continuing their record-breaking streak, all eyes are now on the international market trends and the geopolitical landscape, which will likely determine the next move in gold prices.