Gold Price in Pakistan on April 23, 2025
Staff Report
Karachi: Gold has always been the safe haven for investors to pocket money, and right now, it’s on the rise again to lure investors. It is also a time for those to make money who have a stock of gold.
But its prices are going up, and therefore it is not the right time for buying. However, it can be a blessing in disguise for the investors who have been trading it in the Pakistani market.Rekodiq To Produce Gold and Copper by 2028
On Tuesday, the price of 24-karat gold in the local market went up by Rs5,900 per tola and reached a historic high of Rs363,700.
This has been stated by All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The rate of 10-gram gold also spiked by Rs5,059, reaching Rs311,814.
This surge is a result of Monday’s sharp rise, where gold price shot up Rs8,100 per tola, setting the previous record of Rs357,800, registering an increase of aroundRs14,000 increase in just two days.
🌍 What’s Happening Globally?
It’s not just Pakistan where prices have spiked. The gold prices in the world market are also on fire, touching $3,454 per ounce, witnessing an increase of $59 jump in a single day. With a $20 premium in the Pakistani market, the hike in prices seems unstoppable.
According to Adnan Agar, Director at Interactive Commodities, gold had swelled to $3,500 per ounce during intraday trading before it pulled back to $3,426.
“The market is now $75 below its high,” he said, adding that if gold drops below $3,400, there could be more downward pressure. But if it holds, a rebound is likely,” he said, adding that today’s close will set the tone.
💰 Why Are Gold Prices Rising?
Here’s a reason what’s fueling the surge. There has been economic uncertainty in the market. Therefore, investors are looking for safety as global economic risks mount.
Currency fluctuations are another reason: The Pakistani rupee, though it remained slightly stronger on Tuesday, has generally been volatile.
Dollar weakness has also contributed as it is struggling globally, especially after recent criticism of the Federal Reserve by US President Donald Trump.
💬 What’s Going On with the Rupee?
On Tuesday, the Pakistani rupee has appreciated slightly, while closing at 280.77 against the dollar. It was up 10 paisas from Monday’s 280.87, according to the State Bank of Pakistan. It’s not a big win but in a market this sensitive, even small currency shifts has been impacting prices of gold in Pakistan.
Meanwhile, the US dollar has been under pressure globally and it’s nearing decade-low levels against the Swiss franc. It is hovering near a 3.5-year low versus the euro.
President Trump hasn’t been able to help the dollar’s case, recently slamming Fed Chair Jerome Powell in a Truth Social post, which called him a “major loser” and calling for immediate rate cuts to stave off a downturn.
🔎 What Does It Mean for You?
If you’re looking for investing in gold, now it is the time to pay attention. While prices are high, experts have warned of a possible correction. That means that prices could face a drop if the rally loses steam — or may go even higher if markets remain unstable.
It is a good time for the sellers but investors looking for buying it should wait for some more time.
#GoldPricesPakistan #GoldRateToday #PakistanGoldMarket #BullionNews #RupeeVsDollar #InvestmentTrends #SafeHavenAssets #AdnanAgar #TrumpVsFed
