As of 9 October 2025, gold prices in Pakistan have once again broken records, reaching their highest levels in history. The price of 24-karat gold per tola is now around Rs. 410,278, while the 24K 10-gram rate stands at approximately Rs. 351,747. This sharp increase has caught the attention of both investors and everyday buyers, signaling growing uncertainty in the global and local economy.

Gold Prices in Pakistan Today

Here’s the latest breakdown of gold rates across the country:

Just a day earlier, on 8 October 2025, the 10-gram 24K rate was around Rs. 348,000. This means gold prices have jumped by nearly Rs. 3,700 overnight, marking a steep rise in a very short time.

Why Are Gold Prices Soaring?

Several key factors are driving this surge in gold rates, both internationally and within Pakistan:

1. Global Economic Uncertainty
   Ongoing tensions in global markets, political instability, and fears of recession have led investors to seek safer options. Gold, known as a “safe-haven asset,” becomes more attractive when other investments look risky.

2. Weakening Dollar and Inflation Concerns
   A weaker U.S. dollar makes gold cheaper for other countries to buy, pushing up global demand. At the same time, inflation fears are prompting people to invest in gold as a way to protect their savings.

3. High Local Demand
   In Pakistan, the demand for gold jewelry and investment bars remains strong, especially in major cities like Karachi, Lahore, and Islamabad. As wedding season approaches, jewelers are reporting higher footfall and pre-bookings.

4. Market Speculation
   Many traders expect prices to continue rising, which fuels more buying activity. This “momentum effect” can create short-term spikes as people rush to purchase gold before rates climb further.

What Does This Mean for You?

• For Buyers and Investors:
  While gold has always been seen as a stable investment, it’s important to be cautious. Rapid price jumps can sometimes lead to short-term corrections. Keep an eye on international trends before making large purchases.

• For Jewelers:
  Many jewelers are finding it challenging to adjust prices quickly as rates change daily. Some shops are even delaying price updates or offering limited stock until markets stabilize.

• For Small Savers:
  If you save in gold, consider diversifying your investments. Putting all your money into gold during a volatile period might not be the safest option. Balance it with other forms of savings to minimize risk.

City-Wise Differences in Gold Prices

Gold rates often vary slightly across cities due to transportation costs, local taxes, and dealer margins.

• Karachi usually sets the benchmark for national rates.

• Lahore and Islamabad prices tend to follow, often a few hundred rupees higher or lower per tola.

Before buying or selling, always confirm the latest “Karachi adjusted rate” from a trusted jeweler or association to avoid overpaying.

Final Thoughts

The latest surge to Rs. 351,747 per 10 grams is not just another price update — it marks a historic milestone in Pakistan’s gold market. Whether you’re an investor, a jeweler, or simply someone planning a wedding, these changes matter.

Gold continues to shine as a store of value amid uncertain times, but like any investment, it demands careful timing and reliable information. Always check updated rates before any transaction, and keep an eye on both local demand and global economic trends.

The next few weeks could be crucial — if global pressures continue, gold may climb even higher, setting new records yet again.