Karachi, February 7, 2025 – The Pakistan gold prices soared to an all-time high on Friday, hitting Rs 300,046 per tola due to escalating trends in the international bullion markets. The relentless rally in gold prices in Pakistan has been largely driven by heightened global uncertainty and rising geopolitical tensions.
According to market reports, the gold prices of 24-karat per tola climbed by Rs 1,346, up from Rs 298,700 recorded the previous day in Pakistan’s local markets. Similarly, the gold prices of 24-karat per 10 grams surged to Rs 257,241, marking a significant increase from Rs 256,087 in the domestic bullion trade.
Factors Behind the Surge in Pakistan Gold Prices
Experts in the bullion market have linked the rise in gold prices in Pakistan to the soaring global gold rates, which have been reacting to economic uncertainties and geopolitical tensions. The Middle East conflict remains a key driver, as investors shift toward gold, a traditional safe-haven asset, amid growing regional instability.
Additionally, the depreciation of the Pakistani Rupee (PKR) against the US Dollar has further fueled the rise in Pakistan gold prices, making imported commodities, including gold, more expensive for local buyers.
International Gold Market Trends
The global gold markets also experienced an unprecedented rally, with gold prices skyrocketing by $44 per ounce to reach a record high of $2,896 per ounce. This marks a sharp increase from the previous day’s closing of $2,859 per ounce. The international surge in prices has had a direct impact on Pakistan gold prices, pushing them to historic levels.
Market Outlook and Investor Sentiment
Analysts predict that Pakistan gold prices may remain volatile in the coming days, as global economic conditions and geopolitical factors continue to influence investor sentiment. Given the rising inflation and economic uncertainty, many local investors are turning to gold as a hedge against financial instability.
With Pakistan gold prices reaching new highs, experts advise potential buyers to monitor international market trends and consider economic conditions before making investment decisions.