Gold price in Pakistan surges past Rs456,000 to reach new high

KARACHI: Gold prices in Pakistan soared to another record on Friday, tracking a sharp rally in the international market that pushed the precious metal to fresh highs worldwide.

According to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola jumped by Rs14,100 during the day to reach Rs456,900, marking the highest level ever recorded in the country. On Thursday, the rate had already climbed by Rs1,900 to settle at Rs442,800.

The price surge mirrors the global trend, where gold breached multiple records this week. Internationally, the precious metal rose by $141 to reach $4,358 per ounce (with a premium of $20), its best performance in over 17 years.

Spot gold was last seen trading at $4,362.39 per ounce after touching an all-time high of $4,378.69 earlier, while US gold futures for December delivery climbed 1.7 percent to $4,375.50.

Bullion has gained nearly 8.6 percent this week, recording a new high in every session. Analysts attribute this rally to fears over US regional banks, growing trade tensions, and renewed expectations of global rate cuts that have sent investors rushing towards safe-haven assets.

Meanwhile, silver also extended its winning streak in the local market, rising by Rs167 to settle at Rs5,504 per tola, another record high.

Gold’s performance in Pakistan in October so far

Gold has been on an extraordinary run since the start of October, touching new peaks almost every other session. The trend has closely followed movements in international markets, as investors continue to hedge against global economic uncertainty.

Here’s how gold prices have performed in Pakistan from October 1 to October 17, 2025: