Gold prices in Pakistan have reached an unprecedented level, creating a new record in the country’s bullion market. According to the Karachi Bullion Market, the price of 24-carat gold has now touched ₹416,500 per tola, marking the highest price ever recorded in Pakistan’s history.
This means that buyers in Pakistan now have to pay nearly ₹400,000 for one tola of gold, while in India, 10 grams of gold costs around ₹122,000. The difference between the two neighboring nations has widened drastically — gold in Pakistan is almost three times more expensive than in India.
Gold Prices in Pakistan (as of October 2025)
| Purity | Price per Tola (PKR) |
|---|---|
| 24 Carat | ₹416,500 |
| 22 Carat | ₹381,789 |
| 21 Carat | ₹364,438 |
| 18 Carat | ₹312,375 |
These prices reflect the highest-ever rates seen in Pakistan, deeply impacting the jewelry industry and the purchasing power of ordinary citizens.
Why Are Gold Prices So High in Pakistan?
The surge in gold prices can be attributed to several economic and global factors:
- Sharp Decline in the Pakistani Rupee:
The rupee has been weakening steadily against the US dollar for months, causing gold imports to become much more expensive. - Rising Inflation:
Inflation in Pakistan has hit record highs, pushing up the prices of essentials — and gold is no exception. - Dollar Appreciation:
As gold is traded internationally in dollars, the appreciation of the dollar against the Pakistani rupee has led to higher local rates. - Uncontrolled Local Bullion Market:
Due to volatility and reduced regulatory control, local bullion markets are experiencing speculative trading, further increasing gold rates.
Gold’s Global Rally
The rally isn’t limited to Pakistan — gold prices are surging globally.
- In the United States, Comex gold futures recently crossed $4,000 per ounce for the first time ever.
- In India, MCX gold futures touched a new all-time high of ₹120,900 per 10 grams.
This worldwide trend has intensified the upward pressure on local gold markets across Asia, especially in countries like Pakistan where the currency remains fragile.
Wedding Season Impact: Empty Jewelry Markets
The timing of this record surge has added to the woes of Pakistani families, as the wedding season is currently underway. Traditionally, this period sees strong demand for gold jewelry, but this year, jewelers are witnessing quiet showrooms and falling sales.
Many households are now resorting to exchanging old jewelry instead of buying new pieces. Meanwhile, investors are shifting their focus from gold to foreign currencies like the US dollar as a safer store of value amid economic uncertainty.
What Lies Ahead?
Experts believe that unless the Pakistani rupee stabilizes and inflation cools down, gold prices will remain high or even rise further. The combination of economic instability, currency depreciation, and global gold demand is likely to keep gold out of reach for many Pakistani consumers in the near future.
