Gold prices in Pakistan reached an all-time high, climbing Rs1,200 per tola to Rs377,900, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The price of 10 grams of gold rose by Rs1,029 to Rs323,988 following a stable session on Thursday, when gold held at Rs376,700 per tola.
The surge mirrors global trends, with spot gold up 1.4% at $3,596.49 per ounce, peaking at $3,596.76, as reported by Reuters. U.S. gold futures for December rose 1.3% to $3,653.30. Weak U.S. jobs data has fueled expectations of a Federal Reserve rate cut, boosting gold’s appeal as a safe-haven asset.
Analysts warned of a possible $70–$100 correction soon but noted global targets reaching $3,700 as gold defies expectations.
The Pakistani rupee strengthened for the 21st consecutive session, gaining 0.01% to close at 281.65 against the U.S. dollar in the inter-bank market, up two paisa from 281.67. This steady rise supports Pakistan’s economic stability.
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On September 5, 2025, the State Bank of Pakistan (SBP) raised Rs654.28 billion through a Pakistan Investment Bonds (PIB) auction. The 15-year bond saw the highest demand, raising Rs280 billion at a 12.38% yield. Other bonds included 10-year (Rs207.86 billion at 12.04%), 5-year (Rs114.99 billion at 11.44%), 2-year (Rs43.29 billion at 11.20%), and 3-year (Rs8.15 billion at 11.14%) tenors.
The SBP also injected Rs266.6 billion into the banking system via Open Market Operations (OMOs). A Shariah-compliant Mudarabah OMO added Rs153.3 billion at 11.13%–11.14% for 7- and 14-day tenors, while a conventional Reverse Repo injected Rs113.3 billion at 11.01%–11.06%.
Rising gold prices reflect global economic shifts, while the rupee’s gains and SBP’s actions signal Pakistan’s efforts to stabilise its economy. These trends impact investors and policymakers.
