Karachi, October 8, 2025 — The gold market in Pakistan witnessed a historic milestone on Wednesday, as prices soared past Rs425,000 per tola for the first time.
This unprecedented surge reflects both global market volatility and local economic pressures that continue to shape the precious metal’s demand.
According to the latest data from the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold increased sharply by Rs8,400 per tola, reaching Rs425,178 compared to the previous day’s rate of Rs416,778. Similarly, the price of 24-karat gold per 10 grams rose by Rs7,202, settling at Rs364,521 from Rs357,317 in local trading.
Market analysts in Pakistan attributed the rapid escalation in gold prices to strong international demand, currency fluctuations, and geopolitical uncertainties. They noted that investors worldwide are turning to gold as a safe-haven asset amid persistent inflation and slowing economic growth.
In the international market, gold climbed by $84 to reach a record $4,037 per ounce, up from the previous session’s $3,855. Experts believe that continued global tensions and reduced investor confidence in major currencies will likely keep gold prices elevated in the near term.
Traders across major cities of Pakistan, including Karachi and Lahore, reported brisk buying activity despite the sharp rise, as consumers and investors rushed to hedge against economic uncertainty and currency depreciation.