Gold Rate in Pakistan (October 2025):
Gold prices in Pakistan have reached an unprecedented peak, setting a new all-time record that has left both consumers and traders stunned. According to the Karachi Sarafa Market, the price of 24-carat gold has surged to PKR 4,16,500 per tola, marking the highest level ever recorded in the country’s history.

This historic jump means that buying just one tola of gold in Pakistan now costs over ₹4 lakh, a figure nearly three times higher than India’s current gold price, where 10 grams of 24-carat gold is trading around ₹1.22 lakh.

The soaring gold rate has sent shockwaves through Pakistani households, already struggling under severe inflation and economic instability.

Why Are Gold Prices So High in Pakistan?

Multiple factors have fueled the skyrocketing gold prices in Pakistan. The sharp depreciation of the Pakistani rupee is among the leading causes. The currency has been on a steep decline over the past several months, making imports costlier.

Gold, being an imported commodity priced globally in US dollars, has become significantly more expensive as the dollar continues to strengthen against the rupee.

In addition, record-high inflation, economic uncertainty, and a volatile political environment have driven investors toward gold as a safe-haven asset. As a result, the local bullion market has seen a massive surge in demand, pushing prices even higher.

Current Gold Rates in Pakistan

As per the Karachi Sarafa Market data:

• 24-carat gold: PKR 4,16,500 per tola

• 22-carat gold: PKR 3,81,789 per tola

• 21-carat gold: PKR 3,64,438 per tola

• 18-carat gold: PKR 3,12,375 per tola

These figures represent an extraordinary escalation, reflecting not just local economic challenges but also the impact of global gold market trends.

Global Gold Prices Also Touch Record Levels

The gold rally isn’t limited to Pakistan. Globally, prices have also hit new milestones. On the COMEX (U.S. Gold Futures), gold recently surpassed $4,000 per ounce for the first time ever.

Meanwhile, in India, MCX Gold Futures touched an all-time high of ₹1,20,900 per 10 grams, showing that the surge in gold demand and value is a worldwide phenomenon driven by inflation fears and geopolitical uncertainties.

Experts suggest that ongoing global tensions, coupled with the Federal Reserve’s monetary policies and fluctuating interest rates, have made gold an attractive refuge for investors across the globe.

Common People Struggle Amid Soaring Prices

While gold’s rising value may please investors, it has brought hardship to the average Pakistani citizen. The wedding season—traditionally a time of high gold purchases—has seen muted activity in jewelry markets.

Jewelers in Karachi, Lahore, and Islamabad report a sharp drop in sales, as most families can no longer afford new ornaments. Many are opting to exchange old jewelry instead of buying fresh pieces.

At the same time, individuals looking to safeguard their savings are increasingly turning to foreign currencies like the US dollar rather than gold, hoping to minimize risk amid the country’s economic instability.

Economic Outlook: What Lies Ahead?

Analysts believe that unless the Pakistani rupee stabilizes and inflation is brought under control, gold prices will remain volatile or continue climbing.

Given the current trend, gold may retain its upward momentum as investors seek safer assets amid fears of economic recession and currency depreciation.

In summary:
Gold in Pakistan has never been this expensive, reflecting the deepening financial crisis and the weakening of the rupee. While the global gold boom continues, for millions of Pakistanis, the glitter of gold now comes with an unaffordable price tag.