Gold prices in Pakistan have reached unprecedented levels, with the per tola rate hitting an all-time high of Rs470,862 and the price of 10 grams surpassing Rs400,000 for the first time in history.
The surge has sent shockwaves through consumers and investors alike, reflecting both local demand and global market trends. International gold prices have also climbed beyond $4,480 per ounce, amplifying concerns over financial stability worldwide.
According to the Saraffa Association, the domestic market witnessed a dramatic one-day increase. The price of 10 grams rose by Rs7,288 to Rs403,688, while the cost per tola jumped by Rs8,500, reaching Rs471,000. Analysts attribute this historic rally to escalating global economic uncertainty and geopolitical tensions, which have intensified investors’ rush toward gold as a safe-haven asset.
Current gold rates in Pakistan for different purities are as follows: 22K gold is priced at Rs431,016 per tola, 21K at Rs411,425, and 18K at Rs352,650. On a per gram basis, the rates are Rs36,953 for 22K, Rs35,273 for 21K, and Rs30,234 for 18K. Similarly, per 10 grams, gold costs Rs369,535 for 22K, Rs352,738 for 21K, and Rs302,347 for 18K. Per ounce, the rates stand at Rs1,047,370 for 22K, Rs999,762 for 21K, and Rs856,939 for 18K.
The spike in gold prices has not only impacted jewelry markets but also heightened interest in gold-backed financial instruments such as exchange-traded funds (ETFs).
Data from the World Gold Council shows that gold ETFs have attracted $64 billion in inflows globally this year, highlighting a strong trend of investors seeking financial security amid market volatility.
Experts warn that gold prices may continue to rise if geopolitical uncertainties persist, urging investors and consumers to monitor market trends closely. The historic rally marks a significant milestone for Pakistan’s gold market and underscores gold’s enduring status as a safe-haven investment.
