On May 19, 2025, gold prices in Pakistan per tola rose by Rs4,000, reaching Rs342,500, while the price for 10 grams went up by Rs3,429, totalling Rs293,638.
Internationally, spot gold increased by $40, reaching $3,241 per ounce, recovering from losses in the previous session. Meanwhile, U.S. gold futures rose by 1.7% to $3,242.60. Spot silver gained 0.8%, rising to $32.52, platinum increased by 0.4% to $992.06, and palladium remained stable at $961.22. This rally highlights gold’s appeal during times of market volatility.
According to Kitco News, analysts attribute the surge to inflation fears and geopolitical tensions, including U.S. tariff concerns, boosting gold’s safe-haven status.
According to Forbes, the U.S. dollar’s slight weakening, down 0.2% against a basket of currencies, further supported gold’s rise.
Read: Gold Prices in Pakistan Surge to Rs336,100 per Tola, Track Global Rise
Gold has performed strongly in 2025, showing a 22% increase year-to-date. This starkly contrasts with Bitcoin, which has fallen below $103,000, highlighting gold’s stability. Meanwhile, Pakistan’s gold market, which is sensitive to global trends, is facing additional pressure due to a GDP growth target of 4.4% for 2025-26. The International Monetary Fund has recommended fiscal reforms that include increased taxes, which may further impact local demand.
As gold tests the resistance level of $3,250, analysts predict sustained demand if volatility continues. Jewellers in Pakistan expect higher retail prices, which will affect consumers.
According to Bloomberg, gold’s appeal as a safe-haven asset remains strong as markets monitor U.S. economic data and geopolitical developments.
