Karachi, February 4, 2025 – Gold prices in Pakistan continued their upward trajectory on Tuesday, hitting a new record high of Rs 294,300 per Tola.
This marks a significant rise in gold prices, as they increased by Rs 1,900 from the previous day’s closing of Rs 292,400, which had also set a record high.
The price of 24-karat gold per 10 grams also saw a rise of Rs 1,629, reaching Rs 252,314 from the previous day’s closing of Rs 250,685. This sharp increase reflects growing market sentiment and continues the upward trend that has been observed in the domestic gold market.
Bullion market experts attribute the surge in gold prices in Pakistan to a rally in international markets, where gold prices reached new heights. In the global markets, the price of gold increased by $16 to hit $2,815 per ounce, up from $2,799 the previous day. The international gold rally has had a direct impact on the local markets in Pakistan, with gold following the trend and reaching unprecedented levels.
The rise in gold prices comes as investors seek safe-haven assets amid ongoing economic uncertainty. In Pakistan, gold has traditionally been seen as a reliable store of value, especially in times of financial volatility. The continuous increase in gold prices has led to growing interest among investors, with many turning to the precious metal as a hedge against inflation and currency fluctuations.
As gold prices continue to climb in Pakistan, analysts are closely monitoring the situation, as further increases in the international markets could continue to push domestic prices higher. The current high prices of gold are also raising concerns among consumers, especially those looking to buy gold for investment or jewelry purposes.
With the new high of Rs 294,300 per Tola, gold has now surpassed previous records, cementing its position as one of the most sought-after commodities in Pakistan. The rise in gold prices is expected to continue attracting attention from investors, as they look for stability amid a fluctuating economy. As the price of gold remains high in Pakistan, many are anticipating further fluctuations depending on the international market trends.