Karachi, December 20, 2025 — Gold prices in Pakistan surged sharply on Saturday, moving close to their all-time peak as rates jumped by Rs1,300 per tola amid strong global bullion trends.
According to the All Pakistan Sarafa Gems and Jewelers Association (APSGJA), the price of 24-karat gold per tola increased to Rs456,162, compared to Rs454,862 recorded in the previous trading session in the domestic market. The latest surge brings gold prices just below the historic high of Rs456,900 per tola, which was witnessed on October 17, 2025.
Similarly, the price of 24-karat gold per 10 grams also recorded a notable increase, rising by Rs1,115 to settle at Rs391,085, up from the earlier closing level of Rs389,970. The upward movement reflects persistent demand for the precious metal as a safe-haven asset amid global uncertainty.
Bullion market analysts attributed the rise in local gold prices to continued volatility in international markets. They noted that escalating geopolitical tensions, ongoing trade disputes among major economies, and expectations regarding global monetary policy have kept gold prices elevated worldwide. Investors are increasingly turning to gold to hedge against inflation, currency fluctuations, and economic instability.
In the international market, gold prices climbed by $13 per ounce, closing at $4,338, compared to $4,325 in the previous session. The sustained strength in global bullion prices has directly influenced domestic rates, given Pakistan’s reliance on imported gold.
Market participants believe that gold prices may remain volatile in the coming days, closely tracking international trends and geopolitical developments, while domestic demand ahead of the wedding season could further support prices.