Karachi, January 29, 2025 – Gold prices in Pakistan experienced a notable rebound on Wednesday, with the price per tola rising by Rs 2,300, driven by a surge in the international markets. The price of 24-karat gold in the domestic markets of Pakistan climbed from Rs 286,400 per tola to Rs 288,700, reflecting a significant daily increase.
The surge in gold prices in Pakistan follows a similar trend observed in global markets. International gold prices saw an uptick of $22, reaching $2,763 per ounce from the previous day’s $2,741. This upward shift in the international market has directly impacted local prices, prompting an increase in gold’s value within Pakistan. As a result, the price of 24-karat gold per 10 grams also saw an increase, rising by Rs 1,972, from Rs 245,541 to Rs 247,513.
Pakistan’s gold prices had hit an all-time high of Rs 289,600 per tola on January 24, 2025, reflecting a strong bullish trend. Despite some fluctuations, the market has continued to show resilience, supported by ongoing global economic uncertainties and the consistent demand for safe-haven assets like gold. The current upward trend is seen as part of a broader global rally in the precious metal market, where economic factors such as inflation concerns, geopolitical tensions, and shifts in currency values contribute to the steady rise in gold prices.
Experts from the bullion market have pointed to the sustained growth in international gold prices as a key factor behind the rise in local gold rates. As gold continues to perform well globally, it is expected that the trend will influence the domestic market, with further fluctuations in the coming weeks.
At present, the price of 24-karat gold in Pakistan continues to show strong potential for growth, marking a significant 1% daily gain. With the international price of gold holding steady above $2,700 per ounce, it is likely that local prices will remain elevated in the near future. As always, investors and consumers alike are keeping a close watch on the global market’s performance as a key indicator for future price movements in Pakistan.
