Gold Prices in Pakistan Reach Historic High Amid Global Market Surge

KARACHI – Gold prices in Pakistan soared to an all-time high on Monday, with the per tola rate rising by Rs5,900 to reach Rs363,700, according to local bullion market data. This marks the highest recorded gold price in the country’s history.

The price of 10 grams of gold also jumped by Rs5,059, bringing it to Rs311,814.

In the international market, gold prices climbed by $59 to reach $3,354 per ounce, with some trades reportedly touching the $3,500 mark.

Analysts attribute the sharp rise to increasing global demand for gold, driven by economic uncertainty and ongoing trade tensions between major economies, particularly China and the United States. The rising trend is also linked to central banks in several countries expanding their gold reserves.

China alone purchased 2.8 tonnes of gold in March, bringing its total gold acquisitions to 12.8 tonnes in the first quarter of 2025.