KARACHI – 16 October 2025:
Gold prices in Pakistan surged to an all-time high of Rs437,000 per tola on Wednesday, reflecting a combination of global market volatility and the continued depreciation of the Pakistani rupee.
According to the All Pakistan Gems and Jewellers Association (APGJA), the price of 24-karat gold rose by Rs3,800 per tola compared to the previous session, while the price of 10 grams of gold climbed by Rs3,258, settling at Rs374,580.
The increase aligns with a global trend, where international gold prices rose above $2,550 per ounce, driven by heightened geopolitical tensions, economic uncertainty, and investors seeking safe-haven assets.
Market experts say the sharp rise in local rates is largely due to currency depreciation and import costs, as Pakistan relies heavily on international bullion markets for pricing.
“People are moving their investments to gold as protection against inflation and currency instability,” said a bullion trader in Karachi’s Sarafa Bazaar.
Analysts expect gold prices to remain volatile in the coming days, with the potential for further increases if global tensions persist or the rupee weakens further.