Karachi, April 17, 2025 — In a dramatic surge reflecting global economic uncertainty, gold prices in Pakistan hit an all-time high on Thursday, climbing to Rs350,000 per tola, marking the highest-ever level recorded in the country’s bullion markets.
According to market data, the price of 24-karat gold per tola increased by Rs2,000 from the previous day’s closing rate of Rs348,000. Similarly, the price of 24-karat gold per 10 grams also rose significantly, jumping by Rs1,715 to settle at Rs300,068, compared to Rs298,353 a day earlier in the domestic markets of Pakistan.
The rally in Pakistan mirrors a broader global trend, with gold prices in international markets also reaching historic highs. The global price of the precious metal surged to $3,329 per ounce — a gain of $19 from Wednesday’s close at $3,310. The sharp rise is attributed to increasing demand for safe-haven assets amid growing geopolitical and economic tensions.
Analysts at Chase Securities explained that the spike in gold prices is being fueled by a combination of factors, including fears of a global economic slowdown, trade war risks, and geopolitical instability — particularly the ongoing Israel-Gaza conflict. Additionally, market expectations that the U.S. Federal Reserve may cut interest rates have enhanced the appeal of gold as a reliable hedge against inflation and financial market volatility.
Local bullion dealers in Pakistan say that the continued rise in gold has sparked fresh interest among investors and buyers, many of whom are turning to the precious metal as a safeguard for wealth preservation. With the tola becoming increasingly valuable, some jewelers report cautious consumer behavior amid soaring prices.
This latest record highlights how sensitive gold is to global developments and reflects Pakistan’s close linkage with international financial trends. As uncertainty persists, the precious metal may continue its upward march, keeping both investors and policymakers in Pakistan on alert.