Karachi, July 11, 2025 – Gold prices in Pakistan witnessed a sharp rise on Friday, driven by heightened volatility in global markets and escalating geopolitical uncertainties.
This surge reflects renewed investor interest in safe-haven assets like gold, both internationally and in the local markets of Pakistan.
According to the All Sindh Sarafa Jewelers Association, the gold prices of 24-karat per tola soared by Rs2,300, reaching Rs357,000 from the previous closing of Rs354,700. This marks a significant jump in just one day, highlighting how sensitive Pakistan’s domestic market is to global price movements.
Similarly, the gold prices for 24-karat per 10 grams increased by Rs1,971 to settle at Rs306,069, compared to the previous day’s Rs304,098. Analysts note that while these numbers remain below the record high of Rs363,700 per tola set on April 22, 2025, the latest increase indicates a potential return to that level if current trends persist.
Internationally, gold prices climbed by $21 per ounce, reaching $3,345 from the previous day’s closing of $3,324. The rise has been attributed to increasing economic tension fueled by new U.S. tariff measures, which have sent shockwaves through financial and commodity markets worldwide.
Local bullion dealers in Pakistan are closely monitoring these developments, as global uncertainty typically boosts demand for gold. “When currencies weaken or stock markets tumble, gold becomes the safest bet,” a senior trader at Karachi’s main bullion market said. “What we are seeing now is a global shift toward hard assets, and Pakistan is no exception.”
Experts believe the current upward trajectory in gold prices may continue if international pressures remain unresolved. Rising oil prices, trade disputes, and fears of inflation are all contributing to a bullish outlook for gold.
With inflation still a concern and currency pressures mounting, more people in Pakistan are turning to gold as a hedge against economic instability. Whether for investment or protection, the shiny metal continues to retain its luster in times of uncertainty.