KARACHI: Gold prices in Pakistan soared on Friday, October 31, 2025, following a global upward trend, according to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The price of 24-karat gold per tola increased by Rs5,300, reaching Rs424,162, compared to Rs418,862 a day earlier. Similarly, 10 grams of 24-karat gold rose by Rs4,544, bringing the new price to Rs363,650.
In the international market, gold climbed by $53 per ounce, hitting $4,018 from $3,965 the previous day. The surge follows data from the World Gold Council (WGC) showing that global gold demand reached a record 1,313 tonnes in the third quarter of 2025 — the highest level in nearly 25 years — driven by geopolitical unrest, including the Russia-Ukraine war and the Israel-Gaza conflict.
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Analysts attribute the ongoing rally to expectations of U.S. interest rate cuts and a weakening dollar, which have made gold more attractive to investors. The recent U.S. government shutdown also added to safe-haven demand.
In Pakistan, gold continues to serve as a preferred hedge against currency depreciation and inflation, particularly as the rupee remains under pressure. Experts note that digital finance tools such as gold-backed ETFs and mobile investment platforms have widened access to the precious metal, attracting both retail and institutional investors.