Gold prices have surged in both global and local markets as 2025 begins.
In the international market, the price of gold per ounce rose by $10, reaching a new price of $2,624. Meanwhile, in local gold markets, the price of 24-carat gold per tola increased by Rs1,000, reaching Rs273,600. Similarly, the price of 10 grams of gold rose by Rs857 to Rs234,568.
Also Read: Gold Prices Soar in Pakistan, Reaching Rs282,800 per Tola
Gold prices had previously fallen in local markets, with the price per tola dropping by Rs600 to Rs272,600, and the price per 10 grams falling by Rs514 to Rs233,711. However, gold has seen significant growth over the past year, driven by geopolitical tensions and central bank purchases, particularly from emerging markets.
In 2024, international gold prices peaked at $2,790 per ounce, and prices in Pakistan reached Rs287,900 per tola, reflecting gold’s status as a safe-haven asset amid global instability. Analysts predict continued growth in 2025, with Goldman Sachs forecasting prices could hit $3,000 per ounce.
