The price of gold in Pakistan continued its upward trend on Tuesday, November 11, 2025, with per tola rates jumping to Rs435,762, marking an increase of Rs5,900 in a single day, according to the All-Pakistan Gems and Jewellers Association (APGJA).
In the bullion market, 10 grams of gold rose by Rs5,065, reaching Rs373,595. On the international market, gold prices surged by $59 per ounce, closing at $4,134.
Gold is traditionally considered a safe-haven investment, gaining value during periods of inflation, economic instability, or political uncertainty. Investors often turn to gold when confidence in other assets weakens, maintaining its status as a reliable store of wealth.
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In 2024, Pakistan adjusted its gold pricing mechanism, setting local rates $20 per ounce higher than international prices, a move aimed at stabilizing the domestic market.
The recent surge reflects ongoing fluctuations in both local and global gold markets, highlighting investor caution amid uncertain economic conditions.
Oil prices rise
Oil prices climbed on Monday as optimism grew that the U.S. government shutdown could soon end, boosting demand in the world’s top oil consumer and offsetting concerns about rising global supplies.
Brent crude futures increased 47 cents, or 0.74%, to $64.10 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 50 cents, or 0.84%, to $60.25 a barrel. The potential reopening comes after the Senate moved toward a vote to resume federal government operations, now in its 40th day of shutdown.
Analyst Tony Sycamore noted that restarting the government would restore pay for 800,000 federal workers and revive vital programs, bolstering consumer confidence and spending. “This should also help improve risk sentiment across markets and cause a rebound in WTI prices toward $62 a barrel,” he said.
Despite the gains, fears of oversupply persist. Brent and WTI fell about 2% last week as OPEC+ announced a slight output increase in December but paused further hikes for the first quarter. Rising U.S. crude inventories and doubling oil volumes on ships in Asia, combined with tightening Western sanctions on Russian oil, continue to weigh on markets.
Additional supply concerns stem from disruptions at Russian producer Lukoil and U.S. sanctions exemptions for Hungary, which have fueled worries over global oversupply even as Indian refiners pivot to the Middle East and Americas to replace sanctioned Russian oil.