Gold prices in Pakistan have reached an unprecedented all-time high, with 24K gold per tola priced at Rs. 369,400 and per 10 grams at Rs. 316,701. The 22K gold rates stand at Rs. 338,704 per tola and Rs. 290,310 per 10 grams, according to the latest updates from the Karachi Sarafa Market. This surge has left investors, jewelers, and consumers stunned, marking a historic moment in Pakistan’s gold market.
Key Insight: The soaring prices reflect global market trends, economic instability, and a weakening Pakistani rupee, driving demand for gold as a safe-haven asset.
On April 29, 2025, the gold rate is Rs. 371,000.00 per tola for 24K gold and Rs. 340,172.00 per tola for 22K gold.
Gold Rate for 29 Apr, 2025
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Price in PKR: --
Gold Rates (PKR)
| Purity | Per Tola | Per Gram | Per 10g |
|---|---|---|---|
| 24K | Rs. 371,000.00 | Rs. 31,807.30 | Rs. 318,073.00 |
| 22K | Rs. 340,172.00 | Rs. 29,156.70 | Rs. 291,567.00 |
| 21K | Rs. 324,709.00 | Rs. 27,831.40 | Rs. 278,314.00 |
| 20K | Rs. 309,246.00 | Rs. 26,506.10 | Rs. 265,061.00 |
| 18K | Rs. 278,322.00 | Rs. 23,855.50 | Rs. 238,555.00 |
Gold Rates (USD per Ounce)
| Purity | Rate (USD) |
|---|---|
| 24K | $ 3,309.00 |
| 22K | $ 3,033.25 |
| 21K | $ 2,895.38 |
| 20K | $ 2,757.50 |
| 18K | $ 2,481.75 |
Historical 24K Gold Rates (Rs.)
Why Are Gold Prices So High?
Several factors have contributed to this record-breaking surge:
- Global Market Trends: International gold prices have climbed to $3,334.60 per ounce, driven by geopolitical tensions and inflation fears.
- Weak Pakistani Rupee: The rupee’s depreciation against the US dollar has inflated local gold prices, as Pakistan imports most of its gold.
- Economic Instability: With inflation at 23.4% and economic uncertainty, investors are turning to gold as a hedge against financial volatility.
- High Demand: Increased demand for gold jewelry ahead of the wedding season and for investment purposes has further pushed prices upward.
Historical Context
Gold prices have been on a steep upward trajectory:
- April 25, 2025: 24K gold per tola was Rs. 352,000, showing a significant jump in just days.
- April 2024: Prices were around Rs. 235,400 per tola, indicating a 56.63% yearly increase.
- Last 30 Days: Prices rose by Rs. 54,500, a 17.05% increase, driven by global and local factors.
This marks the highest gold rate in Pakistan’s history, surpassing previous peaks like Rs. 363,700 on April 22, 2025.
Impact on Pakistan
The record-high gold prices have wide-ranging effects:
- Consumers: Higher prices are straining budgets, especially for those planning weddings or buying jewelry.
- Investors: Gold remains a popular investment, with wholesale dealers in Sarafa Bazar reporting increased trading activity.
- Jewelers: Local jewelers are adjusting prices daily, with some reporting a slowdown in retail sales due to the high costs.
- Economy: While gold imports strain foreign reserves, the recent Chagai gold discovery could boost local production in the future.
The Karachi Sarafa Market, the hub of gold trading in Pakistan, continues to set the trend for nationwide prices, with brokers and jewelers closely following its updates.
What’s Next?
Analysts predict gold prices may remain volatile due to global economic uncertainties and currency fluctuations. Investors are advised to monitor international markets and the US dollar’s performance closely. For those looking to buy or sell, experts recommend dealing with reputable dealers in Sarafa Bazar for fair rates.