Gold prices surge sharply across Pakistan

Gold prices in Pakistan saw a significant surge on Monday, April 7, 2025, with the rate of 24-karat gold increasing by Rs11,700 per tola, according to the All Pakistan Sarafa Gems and Jewellers Association.

The new price stood at Rs331,700 per tola, compared to Rs320,000 recorded on Saturday. Meanwhile, the rate of 10 grams of 24-karat gold also rose, reaching Rs284,284.

Gold continues to hold its status as a key financial asset due to its rarity, durability, and global demand. It is widely seen as a safe-haven investment, particularly during periods of economic uncertainty.

Both central banks and investors typically include gold in their portfolios to hedge against inflation and currency fluctuations. The metal’s price is influenced by a variety of global factors, including geopolitical tensions, economic slowdowns, and interest rate trends.

Lower interest rates tend to benefit gold, which does not yield interest, while higher borrowing costs can exert downward pressure on prices.

On the same day, gold prices in Saudi Arabia were also reported, with 24-karat gold trading at 4,267 Saudi Riyals (SAR) per tola. Ten grams of 24-karat gold were priced at SAR 3,662, while one ounce of gold was valued at SAR 11,392.