Gold prices in Pakistan have reached unprecedented levels, with the rate per tola approaching Rs.320,000. This surge reflects global market trends and domestic economic factors influencing the precious metal’s valuation.

Current Gold Rates

As of March 18, 2025, the price of 24-karat gold per tola in Pakistan was Rs.317,430, while 10 grams were priced at approximately Rs.272,150.

This significant increase aligns with the global gold price, which stood at $2,935.20 per ounce at that time.

Factors Contributing to the Surge

Several key factors have contributed to the sharp rise in gold prices:

  • Global Market Trends: International gold prices have been on an upward trajectory, influenced by economic uncertainties and geopolitical tensions, prompting investors to seek safe-haven assets.
  • Currency Fluctuations: The depreciation of the Pakistani Rupee against major currencies has made gold imports more expensive, directly impacting local gold prices.
  • Inflationary Pressures: Rising inflation rates have led investors to turn to gold as a hedge, increasing demand and driving up prices.

Historical Context

At the beginning of 2025, the gold rate per tola was Rs.282,300.

The current surge to nearly Rs.320,000 per tola represents a substantial increase over a short period, highlighting the metal’s volatility and its sensitivity to both domestic and international economic indicators.

Implications for Investors and Consumers

The soaring gold prices have mixed implications:

  • Investors: Those holding gold assets have seen significant appreciation in value, reinforcing gold’s status as a reliable investment during economic turbulence.
  • Consumers: Conversely, individuals looking to purchase gold, particularly for jewelry, face higher costs, potentially dampening consumer demand in the retail market.

Conclusion

The near-record high gold prices in Pakistan underscore the complex interplay between global market dynamics and domestic economic conditions. As gold approaches Rs.320,000 per tola, stakeholders must navigate the challenges and opportunities presented by this precious metal’s fluctuating value.