Karachi, April 9, 2025 — Gold prices in Pakistan witnessed a sharp rise on Wednesday, surging by Rs 3,000 per Tola due to ongoing global economic uncertainty and volatility in international commodity markets.
This sudden increase reflects the heightened investor demand for safe-haven assets amid rising global tensions.
The price of 24-karat gold in Pakistan climbed to Rs 321,000 per Tola, up from the previous day’s closing of Rs 318,000. Meanwhile, the price of 24-karat gold per 10 grams also saw an increase of Rs 2,572, reaching Rs 275,205 compared to Tuesday’s rate of Rs 272,633.
This latest uptick brings gold prices in Pakistan closer once again to their all-time high of Rs 325,500 per Tola, recorded on April 3, 2025. Market analysts suggest that the current rally is primarily driven by escalating concerns in the global economy, especially after fresh tariff moves by former US President Donald Trump, which triggered widespread volatility in financial and commodity markets.
Internationally, gold prices jumped by $30 per ounce, rising to $3,040 from the previous closing of $3,010. Experts say this movement mirrors investor fears over the uncertain global trade environment, prompting them to shift capital into traditionally stable assets like gold.
According to bullion market traders, Pakistan is experiencing the local ripple effects of this global price movement. As the country heavily relies on international rates to determine domestic gold pricing, any shift in global market trends is quickly felt in the local bullion trade.
“This latest surge in gold is largely reactionary to global events,” said a senior bullion trader at the Karachi Sarafa Market. “Whenever there is uncertainty in the global arena, especially related to trade or geopolitical risk, gold becomes the preferred hedge, and Pakistan’s market follows suit.”
Traders also noted that with Ramazan in full swing and Eid approaching, seasonal demand for gold jewelry is expected to remain steady, which may further sustain elevated prices in Pakistan’s local markets over the coming weeks.