Gold prices surged to new records on Monday, September 22, 2025, following a strong global rally.
In domestic markets, the price of 24-karat gold per tola rose by Rs3,400 to reach a record Rs393,700. Similarly, the 10-gram rate increased by Rs2,915, closing at Rs337,534, according to figures released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA).
This builds on weekend gains, when gold touched Rs390,300 per tola on Saturday, up Rs2,800, while the 10-gram rate stood at Rs334,619. Analysts say the consistent rise highlights sustained upward momentum in the precious metals market.
Global bullion markets also recorded sharp increases, with spot gold climbing $34 to $3,719 per ounce. Rising investor demand, driven by safe-haven buying amid ongoing economic uncertainty, has been the key factor fueling the rally.
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The upward trend extended to silver. The per tola silver rate climbed to Rs4,532, while the 10-gram price rose to Rs3,885. Traders note that both metals are benefiting from volatility in regional and international markets.
The APSGJA attributed the surge in local prices to global demand and economic fears, with many Pakistani buyers turning to gold as a hedge against inflation and currency pressures.
High gold prices reflect broader investor caution. As a traditional safe-haven commodity, gold continues to attract demand during times of global and domestic uncertainty. With prices now at Rs393,700 per tola, the highest on record, markets remain on alert for further shifts in the coming days.
