Karachi, April 11, 2025: Gold prices in Pakistan witnessed a dramatic spike on Friday, following U.S. President Donald Trump’s announcement of a 90-day suspension on tariffs, which triggered a rally in the global bullion market.
According to local market sources, the price of 24-karat gold surged by Rs10,000 per tola, reaching an all-time high of Rs338,800. Meanwhile, the rate for 10 grams of gold increased by Rs8,573, now priced at Rs290,466.
In the international market, gold prices recorded an unprecedented rise of $100 per ounce, pushing the price to $3,218 — a historic jump for a single trading day. The sharp rise marked a continuation of the upward trend, as just a day earlier, gold had already climbed $78 per ounce globally.
Similarly, Pakistan had already seen a Rs7,800 per tola increase on the previous day, with the 10-gram rate jumping by Rs6,668.
Analysts attribute the surge to market volatility and increased investor demand for safe-haven assets amid uncertainty in U.S.-China trade relations. The tariff suspension, while intended to calm global markets, has ironically contributed to a sharp pivot toward gold as a hedge against potential instability.
