Karachi, June 14, 2025 – Gold prices in Pakistan soared sharply on Saturday, nearing record levels, as geopolitical tensions in the Middle East rattled global markets and pushed investors toward safe-haven assets.
In the local bullion markets, the price of 24-karat gold per tola jumped by Rs1,500, reaching Rs363,000, compared to the previous day’s closing of Rs361,500. This brings domestic gold prices within touching distance of the all-time high of Rs363,700 per tola, recorded on April 22, 2025.
Similarly, the price of 24-karat gold per 10 grams also surged by Rs1,206, settling at Rs311,213 from Friday’s closing rate of Rs310,007.
Market analysts and bullion traders attributed the sudden spike in gold prices to the escalating conflict in the Middle East, particularly the recent exchange of missile strikes between Israel and Iran. The renewed hostilities have injected a wave of uncertainty across financial and commodity markets, prompting a flight to safety among global investors.
“The Middle East conflict has intensified, and as a result, investors are shifting their capital into safe assets like gold. This geopolitical instability is a key driver behind the rising prices both internationally and in Pakistan,” said a senior bullion trader at the Karachi Sarafa Bazaar.
On the global front, gold prices rose by $15 per ounce, closing at $3,432 compared to the previous day’s $3,417. The international surge in prices further reinforced the upward trend seen in Pakistan’s domestic markets.
Experts warn that if tensions in the Middle East continue to escalate without diplomatic resolution, Pakistan could see further increases in gold prices in the coming days. This could have a ripple effect on domestic jewelry demand, wedding season activity, and inflationary pressures, especially as the local rupee remains sensitive to global commodity shifts.
With regional uncertainty growing, investors in Pakistan are closely monitoring the developments in the Middle East, which now appear to be a significant short-term determinant for the trajectory of gold prices.