Gold prices in Pakistan soared to an all-time high on Thursday, climbing Rs7,800 per tola to Rs328,800.
The 10-gram rate also rose by Rs6,688, hitting Rs281,893, per the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This surge follows an Rs3,000 per tola increase on Wednesday when prices reached Rs321,000.
Globally, spot gold surged over 1% to $3,118 per ounce, which includes a $20 premium and a daily gain of $78, according to APGJSA data. Silver also experienced a rise, increasing by Rs64 to reach Rs3,234 per tola.
Why Gold Is Rallying Now
The U.S. recently hiked tariffs on Chinese imports, intensifying a global trade war. Though a 90-day tariff pause applies to other nations, investors are flocking to gold—a classic safe-haven asset. In 2025 alone, gold has gained over 18%, fueled by:
- Expectations of U.S. Federal Reserve rate cuts.
- Strong central bank buying.
- Geopolitical unrest in the Middle East and Ukraine.
- Inflows into gold-backed ETFs.
Thursday’s spike aligns with international markets, where gold’s appeal grows amid instability. The Rs7,800 per tola jump reflects both local demand and global pressures. Silver’s uptick to Rs3,234 per tola further signals a broader precious metals rally.
Read: Gold Prices in Pakistan Surge Rs3,000 Per Tola to Rs321,000
As of April 10, 2025, gold’s trajectory appears strong. With trade tensions remaining and various economic factors in play, experts do not foresee a slowdown yet. The APGJSA notes that these are the highest gold price ever recorded in Pakistan.
