Gold Prices Hit Record High Globally As Pakistan’s Per Tola Rate Reaches Historic Peak (2025 Update). The year 2025 has brought an unprecedented surge in global gold prices, with Pakistan experiencing the highest per tola rate in its history.
According to the All Pakistan Gems and Jewellers Sarafa Association, the price of 24-carat gold has jumped sharply amid global economic uncertainty, inflation, and rising investor demand.
This article is breaks down the latest trends, market insights, and what this means for ordinary Pakistanis and investors.
Gold Prices Hit Record High in Pakistan
The Pakistani gold market has witnessed a historic climb as rates soar across all major cities.
Here’s an overview of the current situation:
| Gold Type | Price (PKR) | Change |
|---|---|---|
| 24 K Gold (Per Tola) | Rs. 435,100 | +Rs. 6,900 |
| 24 K Gold (Per 10 Grams) | Rs. 373,028 | +Rs. 5,916 |
| 22 K Gold (Per Tola) | Rs. 398,841 | +Rs. 6,300 |
| Silver (Per Tola) | Rs. 5,247 | Stable |
This marks the highest gold rate ever recorded in Pakistan, breaking previous 2024 records when prices hovered near Rs. 410,000 per tola.
International Market Trends (2025)
Globally, gold per ounce has surged to $4,140, marking an increase of nearly $69 in a single week.
The rally follows market uncertainty across major economies including the U.S., China, and Europe.
According to Bloomberg Gold Index, investors are rapidly shifting from stocks and crypto assets to safe-haven investments like gold and silver.
Analysts at the World Gold Council confirm that this is one of the steepest year-to-date climbs in over a decade.
Why Global Gold Prices Are Rising
Several factors are driving this surge in international gold rates:
- Inflation and Currency Devaluation — Persistent inflation has weakened major currencies, making gold an attractive store of value.
- Geopolitical Tensions — Ongoing conflicts in Eastern Europe and the Middle East have pushed investors toward safer assets.
- Central-Bank Buying — Countries like China, India, and Turkey are increasing their gold reserves.
- Oil-Price Volatility — Unstable oil markets are indirectly fueling inflationary fears.
- Uncertain Global Growth — Slowdown signals in manufacturing and exports have made investors cautious.
All these factors combined have created a perfect storm for gold to rise.
Economic Impact on Pakistan
For Pakistan, already struggling with inflation and currency depreciation, rising gold prices have a mixed impact.
Positive Impacts
- Export Advantage for local gold traders when dealing internationally.
- Higher Asset Value for individuals holding physical gold.
Negative Impacts
- Reduced Jewelry Demand among local consumers.
- Rising Costs for weddings, dowries, and small investors.
- Pressure on Imports, worsening the trade deficit.
Gold has always been part of Pakistani culture from weddings to savings but the current spike has pushed it out of reach for many middle-class families.
Expert Opinions on the Gold Surge
Leading financial analysts and jewellers have shared their thoughts on this record-breaking trend:
“When global uncertainty rises, gold becomes the ultimate hedge,”
— Malik Azhar, Chairman, Lahore Sarafa Market Committee
“In Pakistan, demand has shifted from jewelry to investment bars and coins,”
— Shahid Ali, Economist and Market Analyst
“Unless the rupee stabilizes, gold will continue setting new records,”
— Khadija Ahmed, Senior Economist at PakFinance Research
Why People Are Turning to Gold
As currencies weaken and inflation continues, Pakistanis are increasingly viewing gold as a shield against economic instability.
Here’s why gold remains the top investment choice:
- Safe from Inflation: Gold retains purchasing power when the rupee weakens.
- High Liquidity: Easy to sell or pawn when needed.
- No Bank Dependency: Works as a private, tangible asset.
- Dual Purpose: Both an investment and a cultural asset.
Financial experts also note that digital gold investment platforms are gaining traction in Pakistan, particularly among younger investors.
Global Economic Uncertainty & Investor Behavior
Since early 2024, markets have been affected by interest-rate hikes, sluggish growth, and conflicts that shook investor confidence.
The U.S. Federal Reserve’s cautious stance and China’s manufacturing slowdown have further intensified fears of a global recession.
That’s why investors worldwide are turning toward non-yielding but stable assets like gold, which hold intrinsic value regardless of economic cycles.
Comparison — Pakistan vs Global Gold Market
| Market | Price (Per Ounce or Equivalent) | Trend 2025 (YTD) | Primary Drivers |
|---|---|---|---|
| Pakistan | Rs. 435,100 / Tola | +17% | Rupee devaluation, inflation |
| India | ₹ 72,350 / 10 g | +15% | Import duties, INR weakness |
| UAE | AED 283 / Gram (24 K) | +13% | Global demand + oil price |
| USA | $ 4,140 / Ounce | +12% | Inflation & Federal Reserve policy |
This comparison shows that Pakistan’s gold growth rate has outpaced most global markets, largely due to currency depreciation and higher local demand.
Will Gold Prices Rise Further? — Future Outlook 2025
Financial projections indicate gold prices might continue to rise if global inflation remains high and political instability worsens.
However, analysts suggest a short-term correction may occur once central banks stabilize monetary policies.
Predictions for 2025 – 2026
- Average Gold Rate: Expected to stay between Rs. 420,000 – Rs. 450,000 per tola.
- Peak Possibility: Could cross Rs. 460,000 if USD strength weakens further.
- Silver Outlook: Stable to mildly bullish due to industrial demand.
- Investor Focus: Shift toward digital gold & ETF-based exposure.
Investment Tips for Pakistani Buyers
If you’re considering buying gold in 2025, here are some smart tips from Nadeem Blogger’s financial insight:
- Buy Gradually: Avoid lump-sum purchases; buy in smaller intervals.
- Compare Rates: Check multiple city associations (Karachi, Lahore, Islamabad).
- Verify Purity: Always ask for a 24 K hallmark certificate.
- Monitor USD to PKR Rate: Currency fluctuations directly affect local gold prices.
- Avoid Panic Buying: Wait for minor dips before investing.
Tip: Use live-rate websites or apps like “Sarafa Gold Rate PK” to track prices daily.
Impact on Jewelers and Small Investors
For jewellers, the situation has become complex.
While the value of their existing stock has appreciated, daily sales have dropped drastically.
According to APGJSA reports, jewelry demand has fallen by 40% in 2025 compared to 2023.
Small investors, on the other hand, are exploring alternatives like silver bullions, mutual funds, and Islamic savings certificates for diversification.
Public Reaction: Social Media Buzz
On X (formerly Twitter) and Facebook, hashtags like #GoldPricePakistan, #GoldRecord2025, and #GoldSurge are trending.
Many users express frustration over affordability, while others celebrate profits from early investments.
Example tweet:
“Bought gold last year at Rs. 360k — now it’s Rs. 435k! Best investment ever. #GoldPricePakistan #InflationShield”
This shows how gold remains both a financial topic and a social conversation across Pakistan.
FAQs
1. What is the gold price in Pakistan today (October 2025)?
As of October 2025, the price of 24-carat gold per tola is around Rs. 435,100, and 10 grams cost Rs. 373,028.
2. Why are gold prices rising so rapidly in Pakistan?
Due to the depreciating rupee, global inflation, and rising investor demand, local rates mirror international price movements.
3. Will gold prices drop in 2026?
Analysts predict only a minor correction unless economic stability returns globally and the rupee strengthens significantly.
4. Is now a good time to buy gold in Pakistan?
Yes — for long-term investors looking for inflation hedging. Avoid short-term trading as market volatility remains high.
5. What are the top cities for buying gold in Pakistan?
Major gold markets include Karachi (Saddar), Lahore (Liberty Market), Rawalpindi (Sarafa Bazaar), and Peshawar (Qissa Khwani).
Conclusion
The record-breaking gold price in Pakistan 2025 reflects both global economic turmoil and the resilient trust of investors in the precious metal.
While ordinary consumers struggle with affordability, long-term holders see their assets grow in value.
