Gold Prices in Pakistan Reach Record High
The increase in gold prices is driven by global economic uncertainties and increased gold buying by central banks, with the price of 10 grams of 24-carat gold rising by Rs1,415 to reach Rs273,491, and the price of one ounce of gold climbing $16 to $3,038.
Gold prices in Pakistan have surged to a record high of Rs319,000 per tola, with a daily increase of Rs1,650, driven by global economic uncertainties and increased gold buying by central banks. The price of 10 grams of 24-carat gold also rose by Rs1,415 to reach Rs273,491.
The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) quoted the gold prices in Pakistan on March 19, 2025. The 24K gold per tola price rose to Rs319,000, up Rs1,650 from the previous day, while 10 grams of 24K gold reached Rs273,491, up Rs1,415. The price of 22K gold per 10 grams was recorded at Rs250,700.
Globally, gold prices climbed $16 to $3,038 per ounce, contributing to the surge in gold prices in Pakistan. The increase in gold prices is attributed to US tariff measures and China's gold purchases, which have led to a rise in demand for the precious metal. Silver prices, on the other hand, remained stable, with the price of one tola of silver unchanged at Rs3,555 and 10 grams at Rs3,047.
The record high gold prices in Pakistan are likely to impact the local market, with consumers expected to feel the pinch. The surge in gold prices is a significant development, and its effects will be closely monitored by economists and market analysts in the coming days.