Gold Price in Pakistan Hits Record High Amid Uncertainty
The gold price in Pakistan hits all-time high as international markets continue to feel the pressure of global economic uncertainty. According to the All Pakistan Gems and Jewelers Association, the price of 24-carat gold per tola surged by Rs 1,200, reaching Rs 377,900 the highest ever in the country’s bullion market. Rising inflation, currency devaluation, and global tensions are driving this increase, making gold one of the most sought-after investment options.
Latest Gold Price in Pakistan
The sharp increase in local gold prices has caught the attention of investors and everyday buyers alike. Here are the latest updates:
| Gold Standard | Price | Increase |
|---|---|---|
| 24K per tola | Rs 377,900 | + Rs 1,200 |
| 24K per 10g | Rs 323,988 | + Rs 1,029 |
This sudden rise shows how gold continues to act as a safe-haven asset in times of global and national financial instability.
Global Gold Price Surge
The gold rally is not limited to Pakistan. In the international bullion market, gold prices also touched a new peak:
- Gold price rose by $12 per ounce, reaching $3,552 per ounce.
- This increase directly impacts Pakistan since local rates are closely tied to global prices.
Such international growth highlights how global investors are shifting toward gold as uncertainty surrounds major economies.
Why Are Gold Prices Rising?
1. Depreciation of the US Dollar
The weakening of the US dollar makes gold more attractive. When the dollar loses value, foreign investors prefer gold because it offers stability against currency fluctuations.
2. Geopolitical Tensions
Ongoing conflicts in the Middle East and Eastern Europe have made financial markets volatile. Investors traditionally turn to gold in uncertain times, increasing demand.
3. Fears of Global Recession
Several economies are struggling with inflation and declining growth. Analysts warn of a possible global recession, which has further fueled the demand for gold.
What Analysts Are Saying
Financial experts believe gold prices could climb even higher if the global situation remains unstable. Key factors such as:
- Continued dollar weakness
- Rising geopolitical risks
- Growing recession fears
… will likely keep demand strong.
However, some predict a partial correction may occur if economic conditions stabilize and the dollar strengthens in the coming months.
Impact on Pakistan’s Economy
The gold price hike in Pakistan is not just about investment markets — it has real consequences:
- Jewelry demand falls: Higher rates make it difficult for middle-class buyers to purchase gold ornaments.
- Investment appeal grows: Wealthier investors and traders see gold as a shield against inflation and currency depreciation.
- Pressure on rupee: Rising imports of gold put more stress on the already weak Pakistani currency.
Safe-Haven Status of Gold
Gold has always been considered a safe investment during crises. Unlike stocks and currencies, it rarely loses value in uncertain times. That’s why both individuals and central banks around the world are increasing their gold reserves.
Flood Crisis in South Punjab and Economic Stress
While the gold market soars, Pakistan is also facing serious natural disasters. In South Punjab, the Zamindara Dam broke due to heavy floods in the Sutlej River, and a Red Alert was issued in Multan.
The government confirmed that flood victims will get electricity bill relief, but the damages highlight the growing pressure on Pakistan’s economy. Natural disasters like these worsen inflation, strain government budgets, and indirectly increase the demand for safe assets like gold.
Key Takeaways
- Gold price in Pakistan hits Rs 377,900 per tola, the highest in history.
- International price touched $3,552 per ounce, showing a global trend.
- Dollar weakness, geopolitical tensions, and recession fears are the main drivers.
- Local buyers suffer, while investors benefit from rising prices.
- Ongoing flood crises add to Pakistan’s economic instability.
FAQs
What is the current gold price in Pakistan?
As of today, 24-carat gold is priced at Rs 377,900 per tola and Rs 323,988 per 10 grams.
Why is gold price increasing globally?
Gold prices are rising due to weakening US dollar, geopolitical conflicts, and global recession fears.
How does this affect Pakistani buyers?
Everyday buyers find it harder to afford gold jewelry, while investors use it as a hedge against inflation and rupee depreciation.
Will gold prices go down soon?
Analysts say a partial correction may come if global stability improves, but current trends suggest prices may rise further.
How are floods in Punjab linked to the economy?
Flood disasters increase government spending, push inflation higher, and add to financial stress, which indirectly boosts demand for gold.
Conclusion
The gold price in Pakistan hits all-time high, reflecting not just international trends but also the fragile state of the local economy. With Rs 377,900 per tola, gold remains the ultimate safe-haven asset for investors facing inflation, rupee depreciation, and global instability. At the same time, Pakistan’s flood crisis shows how natural disasters further deepen financial uncertainty.
If global tensions and economic risks continue, gold could become even more valuable in the months ahead but for the average Pakistani household, it means greater challenges in managing daily expenses and long-term savings.
