Karachi, May 21, 2025 – Gold prices in Pakistan witnessed a sharp surge on Wednesday, climbing by Rs6,600 per Tola, driven by a significant rally in international bullion markets.
This latest rise comes as global investors continue to seek safe-haven assets amid heightened geopolitical tensions and economic uncertainties.
According to the All Pakistan Sarafa Gems and Jewellers Association, the gold price in Pakistan for 24-karat Tola jumped from Rs342,800 to Rs349,400, marking one of the most substantial single-day increases in recent weeks. Similarly, the price of 24-karat gold per 10 grams rose by Rs5,659, settling at Rs299,554 compared to the previous day’s closing of Rs293,895.
This sharp uptick reflects the ongoing volatility in the international gold markets, where prices surged by $66 per ounce, reaching $3,310 from the previous close of $3,244. Analysts link this global rally to persistent geopolitical tensions, concerns over inflation, and a general shift away from riskier assets, all of which have pushed investors toward gold as a safer store of value.
In the domestic market, traders and bullion dealers reported increased buying activity, as consumers anticipated further price hikes. Although local demand has remained subdued in recent months due to high prices, the sudden jump in gold prices has reignited interest among both investors and retailers across Pakistan.
Despite the current increase, it’s worth noting that the all-time high for gold prices in Pakistan was recorded just last month on April 22, 2025, when the 24-karat Tola touched Rs363,700. With today’s rise, prices are now nearing that record level once again.
Market experts expect continued fluctuations in gold prices, warning that global factors such as shifting US Federal Reserve policies, geopolitical risks in key regions, and fluctuations in the dollar index will likely influence the future trajectory. For now, though, gold continues to shine brightly for investors in Pakistan, as each Tola becomes increasingly valuable in a climate of uncertainty.