By Moin Ullah Shah
KARACHI: Pakistan witnessed a historic rise in gold prices this year, with the per-tola rate reaching a record Rs470,000 by December, marking an increase of Rs190,000 since January 2025, when it was Rs280,000.
The surge was driven by the US dollar’s strong performance and rising global gold prices, although the relative stability of the Pakistani rupee helped moderate the increase. Similarly, the price of 10 grams of gold rose by Rs162,895, closing the year at Rs402,949.
Globally, gold traded at USD2,622 per ounce in January 2025, rising by USD1,835 to USD4,457 per ounce by the end of the year. Silver prices also increased, with the per-tola rate rising by Rs4,000 to Rs8,000. Despite the ongoing wedding season, gold purchases in Pakistan were reported at 35 percent of expected levels, reflecting cautious consumer sentiment.
