Gold rates in Pakistan surged to an unprecedented level on Monday, September 29, 2025, crossing the Rs400,000 threshold per tola for the first time in the country’s history.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold jumped by Rs5,900 per tola, reaching Rs403,600 compared to Rs397,700 a day earlier. Similarly, 10 grams of 24-karat gold increased by Rs5,059, climbing to Rs346,022 from Rs340,963.
The surge is closely tied to the global bullion market, where gold advanced by $59 to $3,818 per ounce, up from $3,759. Silver prices also followed the upward trajectory, gaining Rs88 to Rs4,792 per tola, while the rate for 10 grams rose by Rs76 to Rs4,108. International silver prices recorded an increase of $0.88, settling at $46.93 from $46.05.
“Gold continues to serve as a reliable safe-haven asset, particularly during periods of inflation, economic uncertainty, and geopolitical instability,” the association said. Regarded as both a store of value and a hedge against market volatility, gold’s appeal remains strong among investors worldwide.
The latest rally highlights ongoing global demand and heightened caution from investors amid persistent economic and geopolitical challenges. Experts point out that the expansion of digital finance—through gold-backed Exchange-Traded Funds (ETFs), fintech investment platforms, and mobile trading solutions—has made access to global gold markets far easier. These innovations are enabling individual investors, especially across the Middle East and South Asia, to enter markets once dominated by institutions.
With gold prices hitting historic highs, analysts believe the trend underscores the growing preference for safe assets as uncertainty continues to shape global markets.
Pakistan Gold Price Soars to All-Time High of Rs403,600
