Gold Prices Soar to Record Highs in Pakistan

Lahore | Nazrana Times
 

Gold prices reached historic levels across Pakistan on Friday, following a sharp surge in international markets and putting additional pressure on local jewellery demand. The price of 24-karat gold jumped by Rs14,662 per tola to Rs514,662, while the 10-gram rate rose by Rs12,569 to settle at Rs441,239.
Market experts say the steep increase is driven by strong global demand for safe-haven assets amid ongoing geopolitical tensions and rising expectations of interest-rate cuts in major economies. Record highs in international gold prices have directly pushed domestic rates upward.
The sudden spike has made gold increasingly unaffordable for ordinary buyers, especially during the wedding season, which is usually a peak time for jewellery sales. Traders report weak demand, with many customers delaying or reducing purchases due to soaring prices.
Since the beginning of 2025, gold prices in the local market have more than doubled, reflecting persistent global pressure and currency fluctuations.
Silver prices also moved upward. The price of 24-karat silver rose to Rs10,275 per tola, while the 10-gram rate increased to Rs8,809, in line with higher global silver prices.
Analysts expect the continued rally in precious metals to keep Pakistan’s domestic markets under strain in the coming weeks.