Gold Price in Pakistan Hits Record Rs. 405,000 Per Tola – September 29, 2025
Karachi (29 Sept 2025): Gold prices in Pakistan have reached another historic high, with the per tola rate crossing the Rs. 405,000 mark in local bullion markets. According to dealers, the latest price hike has been driven by a combination of global market trends, the weakening rupee, and steady local demand.
Current Gold Rates
- 24K per tola: Rs. 403,000 – 405,000
- 24K per 10 grams: Rs. 345,000 – 346,500
- 22K per 10 grams: Rs. 316,000 – 317,500
Traders say the Rs. 400,000 barrier was breached mainly due to rising international gold rates and the ongoing pressure on the Pakistani rupee against the US dollar.
Factors Behind the Increase
Market experts point to three major reasons for this surge:
- Global Uncertainty – International gold prices are at record highs as investors shift towards safe assets.
- Rupee Depreciation – The weakening of the local currency has a direct impact on bullion rates.
- Local Demand – Despite the high prices, demand for gold jewelry during wedding season remains strong.
Impact on Families and Jewelers
The continuous rise in gold rates is hitting ordinary Pakistanis hard. Families planning weddings are being forced to reduce jewelry purchases, while small jewelers report a visible decline in customers. Middle-class investors, once reliant on gold as a saving option, are now considering silver or real estate as alternatives.
Expert Opinion
Economists caution that if the rupee continues to slide, gold prices could climb even further in the coming weeks, possibly touching Rs. 410,000 per tola. However, they also note that any improvement in the exchange rate could help stabilize the market.
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The Bigger Picture
From Rs. 270,000 per tola in January to over Rs. 405,000 in September, gold has seen an unprecedented jump of more than Rs. 130,000 within nine months. For many households, especially those preparing for weddings, the surge has created financial strain. Still, analysts agree that in uncertain times, gold remains one of the safest assets to hold.
