Gold Prices Reach Historic Highs in Global and Pakistani Markets

Gold prices have surged to unprecedented levels both globally and in Pakistan, driven by escalating geopolitical tensions and economic uncertainties.

On April 16, 2025, gold prices soared to a record high of $3,317.90 per ounce in the international market. This surge is attributed to heightened investor demand amid escalating U.S.-China trade tensions, new tariff initiatives by President Donald Trump, and expectations of Federal Reserve interest rate cuts. Analysts believe the rally is driven by strong central bank demand and bullish investor sentiment. So far in 2025, gold has risen approximately 26%, drawing comparisons to its sharp increase during the 1980 Iranian Revolution.

Reflecting the global trend, Pakistan’s gold market has experienced significant price hikes. According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of 24-karat gold per tola increased by Rs. 2,000, reaching a historic high of Rs. 350,000. Similarly, the price of 10 grams of gold rose by Rs. 1,715, now standing at Rs. 300,368.

This follows a substantial increase of Rs. 8,600 per tola the previous day, indicating a sharp upward trajectory in local gold prices.