Karachi, February 10, 2025: Gold prices in Pakistan surged to a new all-time high on Monday, tracking gains in international markets. The price per tola jumped by Rs4,000, reaching Rs303,000, while 10-gram gold rose by Rs3,429 to Rs259,773, according to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).
Internationally, gold prices firmed near record highs as investors sought safety amid rising geopolitical and trade tensions. The latest rally was fueled by US President Donald Trump’s announcement of fresh 25% tariffs on all steel and aluminum imports, raising concerns of a global trade war. Trump also hinted at imposing reciprocal tariffs on multiple countries in the coming days.
As a safe-haven asset, gold tends to gain during economic uncertainty, though rising interest rates can dampen its appeal.
According to APGJSA, global gold prices rose by $42, reaching $2,903 per ounce (including a $20 premium).
In the local market, gold had dipped by Rs1,046 on Saturday, closing at Rs299,000 per tola, before rebounding sharply. Meanwhile, silver prices also increased, climbing Rs43 to Rs3,373 per tola.
With ongoing economic uncertainty and escalating trade tensions, gold is expected to remain a focal point for investors seeking stability.
