On May 23, 2025, gold prices in Pakistan surged, mirroring a rise in international markets. The price of 24-carat gold per tola increased by Rs3,500 to Rs351,000, while 10 grams of 24-carat gold rose by Rs3,000 to Rs300,925.
The uptick followed a $35 per ounce increase in global bullion, reaching $3,326 per ounce, as reported by market analysts.
Gold Price Breakdown
The local market saw significant gains across gold variants:
- 24-carat gold per tola: Up Rs3,500 to Rs351,000.
- 24-carat gold per 10 grams: Up Rs3,000 to Rs300,925.
- 22-carat gold per 10 grams: Up Rs2,750 to Rs275,857.
Internationally, spot gold climbed 1% to $3,325.47 per ounce, marking a 4% weekly gain, the highest since April 7, 2025. According to Reuters, analysts suggest gold may test resistance at $3,335 per ounce, with the potential to reach $3,366 if breached.
Silver prices in Pakistan followed suit, with one tola increasing by Rs38 to Rs3,466 and 10 grams rising by Rs33 to Rs2,971. Spot silver held steady at $33.07 per ounce, while platinum gained 0.8% to $1,089.45 and palladium dipped 0.8% to $1,006.75, reflecting mixed precious metal trends.
The price surge aligns with global bullion market dynamics, driven by inflation concerns and geopolitical tensions. Pakistan’s gold market, sensitive to international fluctuations, saw the tola price climb as investors sought safe-haven assets.
The price hike may strain Pakistan’s jewellery buyers, particularly before the wedding season, but it benefits investors holding gold as a hedge. The silver increase, though smaller, adds to household costs for items like utensils. Industry experts urge monitoring global trends, as further international gains could increase local prices.
