Karachi, February 19, 2025 – Gold prices in Pakistan soared to an all-time high of Rs 308,000 per tola on Wednesday, driven by a sharp rally in the international bullion markets.
The significant increase reflects global economic uncertainty and heightened geopolitical tensions, particularly in the Middle East.
The price of 24-karat gold per tola surged by Rs 3,800 from the previous day’s closing of Rs 304,200. This new high surpasses the previous record of Rs 306,200 per tola, which was set just days earlier on February 14, 2025. Similarly, the price of 24-karat gold per 10 grams saw an increase of Rs 3,258, reaching Rs 264,060 from the previous level of Rs 260,802 in local markets.
International Gold Market Fuels Local Surge
Bullion market analysts have attributed the record-high gold per tola price in Pakistan to the ongoing surge in global gold prices. The international gold rate jumped $34 per ounce, climbing from $2,910 to a new all-time high of $2,944 per ounce. Experts believe this surge is being driven by escalating tensions in the Middle East, prompting investors to seek safe-haven assets like gold.
“The instability in global markets, combined with a weaker US dollar and geopolitical concerns, has fueled a sharp rise in gold prices worldwide. This directly impacts the local bullion market, causing gold per tola to reach record highs,” said a market analyst.
Gold Market Volatility Continues
The rapid increase in gold per tola price has created uncertainty for local traders and jewelry buyers. Experts predict that if international prices continue to rise, gold per tola in Pakistan could climb even further. The precious metal remains a popular hedge against inflation and currency depreciation, making it a preferred investment choice during times of economic instability.
With demand for gold still strong, many investors are closely monitoring market trends. Analysts suggest that unless global tensions ease or the US dollar strengthens, gold prices in Pakistan will remain highly volatile, with further increases possible in the coming days.