Karachi, April 17, 2025: The price of gold in Pakistan soared to a record-breaking Rs 350,000 per tola on Thursday, marking a Rs 2,000 increase and the third consecutive day of upward movement in the precious metal’s value.
According to the All-Pakistan Gems and Jewelers Association, the price of 10 grams of gold also rose by Rs 1,715, reaching Rs 300,030.
The surge aligns with a global uptick in gold prices, as international rates climbed by $19 to reach $3,329 per ounce.
On Wednesday, domestic gold prices had already jumped by Rs 8,600 per tola, reflecting continued volatility and pressure in the market.
Experts attribute the rise to global economic uncertainty, persistent inflation fears, and the weakening of the Pakistani rupee. These factors have driven investors toward gold as a safe-haven asset, increasing demand both domestically and internationally. Meanwhile, jewelers in Karachi’s Saddar and Lahore’s Liberty Market reported a noticeable drop in customer footfall due to the escalating prices.
