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Gold price rises by Rs5,800 per tola to reach new record high
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- Web Desk
- Oct 15, 2025
KARACHI: Gold prices in Pakistan climbed to yet another all-time high on Wednesday, tracking a rally in the international market as investors flocked to the safe-haven asset amid renewed US-China trade tensions and rising expectations of rate cuts by the US Federal Reserve.
According to data shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold jumped by Rs5,800 to reach Rs440,900 per tola. The rate for 10-gramme gold also rose by Rs4,972 to settle at Rs378,000.
On Tuesday, the precious metal had already touched a record Rs435,100 per tola after a sharp increase of Rs6,900, continuing a strong upward trend seen throughout October.
Meanwhile, international gold prices touched a fresh peak of $4,186.68 per ounce before settling at $4,173.56, up 0.8 percent as of 0252 GMT. US gold futures for December delivery rose 0.7 percent to $4,192.90.
In line with gold’s rally, silver prices in the local market also gained Rs90 per tola to reach Rs5,337.
Global factors driving gold’s rally
Analysts attributed the surge in gold prices to mounting expectations of US interest rate cuts later this year, which typically make non-yielding assets like gold more appealing. Federal Reserve Chair Jerome Powell recently signalled a cautious approach to monetary policy, saying the US economy was on a “firmer trajectory,” though the labour market remained weak.
Investors are now widely expecting a 25-basis-point rate cut in both October and December. Geopolitical uncertainty, particularly rising trade tensions between the US and China, has also boosted gold’s appeal as a safe-haven investment.
Gold’s performance in Pakistan in October 2025
Gold prices in Pakistan have mostly trended upward since the start of October, mirroring the international market’s momentum. After starting the month at Rs410,278 per tola, the yellow metal has repeatedly broken records, touching Rs440,900 by mid-month.
Per tola gold price in Pakistan during October 2025
| Date | Gold per tola (Rs) | Change | 10-gram gold (Rs) | Change |
| October 1 | 410,278 | +3,500 | 351,747 | +3,001 |
| October 2 | 407,778 | -2,500 | 349,603 | -2,144 |
| October 3 | 407,778 | 0 | 349,603 | 0 |
| October 4 | 409,878 | +2,100 | 351,404 | +1,801 |
| October 6 | 415,278 | +5,400 | 356,033 | +4,629 |
| October 7 | 416,778 | +1,500 | 357,319 | +1,286 |
| October 8 | 425,178 | +8,400 | 364,521 | +7,202 |
| October 9 | 425,178 | 0 | 364,521 | 0 |
| October 10 | 420,600 | -4,578 | 360,597 | -3,924 |
| October 11 | 422,700 | +2,100 | 362,397 | +1,800 |
| October 13 | 428,200 | +5,500 | 367,112 | +4,715 |
| October 14 | 435,100 | +6,900 | 373,028 | +5,916 |
| October 15 | 440,900 | +5,800 | 378,000 | +4,972 |
| October 16 | 442,800 | +1,900 | 379,629 | +1,629 |
| October 17 | 456,900 | +14,100 | 391,718 | +12,089 |
| October 18 | 446,300 | -10,600 | 382,630 | -9,088 |
| October 20 | 444,900 | -1,400 | 381,430 | -1,200 |
| October 21 | 444,900 | 0 | 381,430 | 0 |
The data shows that despite occasional dips, the overall trend has remained strongly bullish. Gold’s continuous rise has been attributed to both global price movements and the local currency’s weakness, which amplifies the impact of international gains in the domestic market.
Experts predict that gold prices will likely remain volatile in the coming days but could sustain their upward momentum if global rate cuts materialise and safe-haven demand persists.
Local demand may dip slightly due to record-high prices, but overall market sentiment remains positive.
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