On October 13, 2025, gold prices reached unprecedented levels, with international markets showing an increase of $55 per ounce, bringing the price to $4,071. Spot gold traded at $4,074.02 per ounce by 08:25 GMT and briefly peaked at $4,078.05, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
In Pakistan, the price of gold per tola surged by Rs5,500 to reach a record Rs428,200, while the price for 10 grams increased by Rs4,715 to Rs367,112, according to APGJSA data. This rally reflects global trends driven by strong demand and limited supply.
Silver prices also climbed, gaining 2.2% to $51.37 per ounce after hitting $51.70, reflecting similar market dynamics and supply tightness.
Read: Pakistan’s KSE-100 Index Drops 0.68% on IMF Uncertainty and Trade Deficit Woes
The record-high prices indicate that investors are moving to safe-haven assets due to global uncertainties, such as a potential US government shutdown and expectations for Federal Reserve interest rate cuts. In Pakistan, the rising cost of gold could negatively affect jewellery demand and contribute to inflation.
