Karachi, April 21, 2025 – Gold prices surged to new historic highs on Monday, reaching unprecedented levels in both Pakistan and the global markets. This sharp rise comes amid heightened volatility in international commodity trading and ongoing economic uncertainty.
In the local markets of Pakistan, the price of 24-karat gold per tola jumped by Rs8,100, pushing the rate to Rs357,800. This marks a significant increase from the previous closing rate of Rs349,700. Just days earlier, on April 17, 2025, gold had already touched a then-record of Rs350,000 per tola, which has now been surpassed.
Similarly, the price of 24-karat gold per 10 grams in Pakistan rose by Rs6,944, settling at Rs306,755 compared to the previous rate of Rs299,811. These sharp increases have raised concerns for local jewelers and consumers, especially as wedding season approaches and demand remains high.
According to bullion market analysts, the recent price spike is closely tied to the instability in global markets. Uncertainty stemming from new U.S. tariff initiatives and geopolitical tensions has increased the appeal of gold as a safe-haven asset. This surge in demand has pushed prices higher not only in Pakistan but also across the global markets.
On the international front, gold prices climbed by a substantial $69 per ounce, reaching an all-time high of $3,395, up from the previous close of $3,326. Analysts noted that investor sentiment in the global markets remains cautious, with many turning to gold amid fears of inflation, currency devaluation, and slowing economic growth.
The continuous upward momentum in gold prices reflects broader shifts in both Pakistan’s economic outlook and the global markets. As uncertainty lingers, both investors and consumers in Pakistan are closely monitoring further developments in gold pricing trends, which remain closely linked to the fluctuations in global financial and commodity markets.