Karachi, January 20, 2025 – Gold prices in Pakistan saw an increase of Rs 500 per tola on Monday, driven by a surge in international markets. This rise reflects growing demand for the precious metal amid heightened global market volatility.
The price of 24-karat gold per tola climbed to Rs 282,900, compared to Saturday’s closing price of Rs 282,400 in local markets. Meanwhile, the price of 24-karat gold per 10 grams also rose by Rs 429, reaching Rs 242,541 from the previous rate of Rs 242,112. These changes come as no surprise, given the close correlation between domestic gold prices and international bullion trends.
Gold remains a crucial safe-haven asset for investors in uncertain times. Pakistan’s local bullion market experts attributed Monday’s price increase to a $5 rise in the international gold market, where gold closed at $2,708 per ounce, up from its previous closing of $2,703. This uptick is reflective of global concerns, including ongoing geopolitical tensions, fluctuating interest rates, and fears of an economic slowdown, all of which have spurred demand for gold worldwide.
The domestic gold market has experienced significant highs in recent months. Notably, the all-time record of Rs 287,900 per tola was reached on October 30, 2025, driven by similar international pressures and the weakening of the Pakistani rupee. While current prices remain below this peak, the upward trend indicates continued investor interest in gold as a hedge against inflation and currency devaluation.
Traders in Pakistan are closely monitoring both international and domestic factors affecting gold prices. Domestically, currency fluctuations and import restrictions have played a pivotal role in shaping market dynamics. On the global front, analysts are watching movements in the U.S. dollar, crude oil prices, and monetary policy decisions by central banks, particularly the U.S. Federal Reserve, as these directly influence gold prices.
With the ongoing rise in international gold rates and consistent demand from investors, analysts anticipate further fluctuations in the domestic gold market. For many Pakistanis, gold remains not just an investment but also a cultural asset, particularly valued during weddings and festive occasions.