Gold Prices Surge to Record Highs in Pakistan
On the global front, gold also witnessed a significant jump, climbing $46 per ounce to settle at $3,417.
Gold prices in Pakistan witnessed a significant surge on Friday, June 13, 2025, hitting record levels amid escalating geopolitical tensions in the Middle East.
The price of 24-karat gold per tola reached Rs361,500, marking a notable increase as investors sought safe-haven assets amid the ongoing Iran-Israel conflict.
According to the All Pakistan Gems and Jewellers Association, the widely accepted rate for 24-karat gold per tola stood at Rs356,900, up by Rs4,000 from the previous day, with the price for 10 grams at Rs305,984.
This rise aligns with the international gold market, where prices climbed $46 per ounce to settle at $3,417 as global investors reacted to heightened uncertainty.
Meanwhile, silver prices in Pakistan remained stable, with one tola priced at Rs3,745.
The increase in gold prices is attributed to several factors, including:
- Heightened geopolitical risks due to the Iran-Israel escalation, prompting investors to move towards gold as a safe haven.
- Volatility in global bullion trading and fluctuations in the Pakistani rupee against the US dollar, which influence local gold prices.
- A weakening US dollar and falling US Treasury yields, which typically boost gold prices by reducing the opportunity cost of holding non-yielding assets like gold.
- This surge in gold prices underscores the metal’s enduring role as a hedge against economic and geopolitical uncertainties, reinforcing its status as a preferred investment during turbulent times
