Karachi, May 7, 2025 – Gold prices in Pakistan witnessed a notable increase on Wednesday, driven by an upward trend in global markets and heightened geopolitical tensions. The price of 24-karat gold surged by Rs800 per Tola, bringing the new rate to Rs356,900, compared to the previous day’s closing of Rs356,100.
This latest increase reflects growing investor interest in safe-haven assets such as gold, as economic uncertainty and geopolitical volatility continue to rattle global financial markets. In Pakistan, gold prices have shown consistent volatility over the past few weeks, influenced largely by international developments and local market sentiment.
According to bullion market analysts, the persistent rise in gold prices is largely linked to developments on the international front. The global gold price rose by $8 per ounce, reaching $3,385 from the earlier close of $3,377. Market watchers cited the ongoing geopolitical instability, especially in regions like the Middle East and South Asia, as key reasons behind the flight to gold, which is traditionally considered a secure investment in times of crisis.
In Pakistan, the gold prices for 24-karat gold per 10 grams also recorded a gain of Rs684, reaching Rs305,984 from Tuesday’s closing of Rs305,300. These price adjustments are part of a broader upward trend seen throughout April and early May. Gold hit an all-time high in Pakistan on April 22, 2025, when the rate climbed to Rs363,700 per Tola.
Traders in the local market noted that although the prices are high, demand remains relatively stable, especially from investors who view gold as a hedge against inflation and currency depreciation. With the Pakistani rupee under pressure and inflationary concerns still present, the demand for gold in Pakistan continues to remain strong.
The gold market in Pakistan remains sensitive to fluctuations in international prices, currency exchange rates, and regional tensions. As the situation evolves, both local buyers and investors are keeping a close eye on future price movements.
With the global outlook uncertain, market experts expect that gold prices in Pakistan may continue to trend upward in the short term, particularly if demand for the precious metal remains strong both domestically and internationally.