Karachi, December 23, 2025 – Gold prices in Pakistan surged to a new all-time high on Tuesday, closing near Rs471,000 per tola, driven by a sharp rally in the international bullion markets and strong investor demand for safe-haven assets.
According to bullion market data, the price of 24-karat gold per tola jumped by Rs8,500, reaching a fresh record of Rs471,862, compared to the previous day’s closing of Rs462,362 in local markets. This marks one of the steepest single-day increases in domestic gold prices in recent months.
Similarly, the price of 24-karat gold per 10 grams rose by Rs7,288, settling at Rs403,688, up from Rs396,400 recorded in the previous session.
Bullion market experts attributed the latest rally to escalating geopolitical tensions, particularly between the United States and Venezuela, which have boosted global demand for gold as a safe-haven investment. Analysts noted that gold prices had been hovering just below record levels in recent sessions, and the latest surge represents a clear bullish breakout following a period of consolidation, especially in thin holiday trading volumes.
Additional support for gold came from expectations surrounding U.S. monetary policy. According to CNBC, U.S. President Donald Trump may announce a new Federal Reserve Chair by early January, ahead of the planned retirement of current Fed Chair Jerome Powell in mid-2026. Markets are closely watching the development amid speculation that a new appointee could favor further interest rate cuts, a scenario typically positive for gold prices.
In the international market, gold prices soared by $85 per ounce, reaching a new record high of $4,485, compared to the previous closing of $4,400 per ounce. The strong global trend continues to directly influence domestic gold prices in Pakistan.