Karachi, January 9, 2025 – Gold prices in Pakistan soared on Thursday, marking an increase of Rs 1,300 per Tola. The rise in gold prices is attributed to an uptrend in international markets, which continues to influence local bullion rates.
The price of 24-karat gold per Tola climbed to Rs 278,300, up from the previous day’s closing rate of Rs 277,000 in Pakistan’s local markets. This marks a significant movement as the gold prices in Pakistan previously hit an all-time high of Rs 287,900 per Tola on October 30, 2024.
Similarly, the price of 24-karat gold per 10 grams experienced a rise of Rs 1,114, reaching Rs 238,597 compared to the last day’s closing rate of Rs 237,483. The consistent upward trajectory of gold prices in Pakistan reflects the influence of global market dynamics on the domestic bullion markets.
Experts in the bullion market have pointed to rising international gold prices as the primary driver behind the surge in Pakistan’s gold prices. According to analysts, the increase in commodity prices globally has significantly impacted local markets, making Pakistan gold more expensive for buyers.
In the international market, gold prices rose by $13, closing at $2,665 per ounce, compared to the previous day’s rate of $2,652 per ounce. This uptick in global prices directly contributed to the upward revision of Pakistan gold rates, highlighting the interconnected nature of global and local markets.
The rise in Pakistan gold prices comes amid heightened demand and limited supply, both locally and internationally. With gold traditionally considered a safe-haven investment during times of economic uncertainty, market analysts believe the ongoing geopolitical tensions and inflationary pressures are further driving up demand for the precious metal.
Pakistan’s bullion markets have been particularly sensitive to fluctuations in global prices, underscoring the country’s reliance on international trends to determine local rates. As Pakistan gold prices approach previous record highs, investors and buyers are expected to monitor both domestic and global developments closely.
The continuous increase in gold prices in Pakistan serves as a reminder of the commodity’s importance as a barometer for economic stability and a hedge against financial uncertainty in the region.
