As of March 20, 2025, gold prices in Pakistan have surged to an unprecedented Rs319,000 per tola (approximately 11.66 grams), marking a significant increase of Rs1,650 from the previous day. Similarly, the price for 10 grams of gold has risen by Rs 1,415, reaching Rs 273,491, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
This upward trend aligns with global market movements, where gold prices have surpassed the critical $3,000 per ounce mark, reflecting a $16 increase during the day. The precious metal’s appeal as a safe-haven asset has been bolstered by ongoing geopolitical tensions in the Middle East and economic uncertainties.
Investors are also closely monitoring the Federal Reserve’s upcoming monetary policy announcement, which could further influence gold prices. Analysts anticipate that while interest rates may remain unchanged, insights from the Federal Open Market Committee’s (FOMC) chairman’s press conference will be pivotal in determining future market directions.
In the domestic currency market, the Pakistani rupee experienced a slight appreciation against the US dollar, gaining 0.02% in the interbank market to close at 280.21. This marginal gain reflects the rupee’s ongoing volatility amidst global economic shifts.
