Karachi, August 30, 2025: Gold prices surged to unprecedented levels on Saturday as global bullion markets rallied, sending local rates in Pakistan to fresh record highs.
In the international market, gold gained $36 per ounce, climbing to $3,447, while in Pakistan, domestic prices rose by Rs3,600 per tola, reaching a new all-time high of Rs367,400. The rate of 10 grams of gold also increased by Rs3,172, touching Rs314,986.
On Friday, spot gold had already climbed 0.8% to $3,443.19 per ounce — its highest since mid-July — pushing monthly gains to 4.7% in August.
Other precious metals also recorded upward momentum including Silver rose 1.7% to $39.77 per ounce, Platinum edged up 0.3% to $1,362.86 and Palladium remained flat at $1,102.08, but is heading for a monthly loss.
Analysts attribute the rally to global interest rate hikes, investor flight to safe-haven assets, and volatility in currency markets, which have boosted bullion demand worldwide.
