Karachi, May 17, 2025 – Gold prices in Pakistan witnessed a sharp increase of Rs2,400 per Tola on Saturday, driven by rising trends in international bullion markets.
The hike marks a continuation of volatility in precious metal markets as geopolitical tensions and economic uncertainty persist worldwide.
In the local bullion market, the gold rate for 24-karat purity surged to Rs338,500 per Tola, up from Friday’s closing of Rs336,100. This increase reflects both domestic market reactions and international cues. It’s worth noting that gold prices in Pakistan had reached an all-time high of Rs363,700 per Tola on April 22, 2025.
The rate for 24-karat gold per 10 grams also recorded a rise of Rs2,058, bringing it to Rs290,209 from the previous level of Rs288,151. The steady climb in gold prices over recent months highlights the ongoing preference for safe-haven assets amid global market uncertainty.
Experts in the bullion trade pointed out that the increase in gold prices in Pakistan is largely due to strong upward movements in international markets. On Saturday, gold prices on the global front rose by $24, ending the day at $3,201 per ounce compared to $3,177 a day earlier. They noted that continuing conflicts in several regions and economic rivalry between leading economies have resulted in increased investor interest in gold, pushing its prices higher.
Market analysts further commented that fluctuations in the rupee, combined with limited local supply and increased investment demand, have contributed to the rising gold trend in Pakistan. With inflation concerns also mounting, many individuals and investors continue to turn to gold as a hedge against currency devaluation and financial instability.
As the summer wedding season approaches in Pakistan, higher gold prices may impact jewelry demand, though investors are likely to maintain their interest in the commodity. The bullion community anticipates that Tola rates could continue to see fluctuations depending on international developments and domestic economic conditions in the weeks ahead.