Karachi – April 11, 2025: Gold prices in Pakistan skyrocketed on Thursday, recording the highest-ever single-day increase in history. The price of per tola gold surged by Rs10,000, hitting a new record of Rs338,800. This massive jump has shaken both the local market and consumers nationwide.
Gold Hits All-Time High in Pakistan
In Karachi’s local bullion markets, the price of 10 grams of gold also rose sharply. It increased by Rs8,573, now priced at Rs290,466. This historic hike comes at a time when the rupee continues to weaken and inflation grips the country.
“Gold has become a luxury beyond the reach of the common man,” said a local jeweller.”
The sharp increase in prices has left buyers stunned. Many jewellers report fewer walk-in customers. Several middle-income buyers are either delaying purchases or opting for artificial jewelry ahead of the wedding season.
Global Market Pushes Prices Higher
International gold prices also played a crucial role in the domestic surge. The price per ounce of gold jumped by $100, reaching a record $3,218 per ounce. Global inflation fears, geopolitical tensions, and a weaker dollar have driven investors towards gold, a safe-haven asset.
The impact was immediate in Pakistan. Jewellers across major cities including Lahore, Islamabad, and Karachi adjusted rates within minutes of the global hike.
Why Are Gold Prices Rising?
Multiple factors contributed to this gold rally:
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Global demand for gold has spiked due to economic uncertainty.
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Local currency depreciation against the US dollar has intensified the effect.
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Supply chain issues and rising import costs have added to the surge.
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Investors are shifting assets to gold amid fears of economic collapse.
Experts warn that if the current trend continues, gold may soon cross Rs350,000 per tola. This could push many consumers completely out of the market.
Investors See Opportunity
Despite the high rates, some investors are taking advantage of the rise. They are buying gold bars to sell later at higher profits.
“When the rupee shakes, gold stands tall,” commented a market analyst.”
Jewellers also predict that if the rupee continues to fall and the IMF loan delay persists, prices will remain volatile.
Market Outlook
The All Sindh Saraf and Jewellers Association (ASSJA) has urged the government to stabilize the currency and regulate gold imports. They fear that unchecked price movements will hurt both businesses and consumers.
As of now, gold remains the most-talked-about commodity in Pakistan’s markets. People are watching the rates daily, hoping for relief—but the trend shows no signs of slowing.
