As of April 24, 2025, gold prices in international markets have surged to approximately $3,328 per ounce. This marks a significant rise, driven by factors such as growing geopolitical tensions, global inflation concerns, and continued demand for safe-haven assets. The price increase comes as investors flock to gold amid economic uncertainties, particularly from trade disputes and fears of a global recession.
Goldman Sachs, a leading global investment bank, has revised its 2025 gold price forecast to $3,100 per ounce and predicts that, under extreme conditions, prices could rise further to $3,300 per ounce by the end of the year.
Impact of Global Trends on Gold Rate in Pakistan
The global surge in gold prices has directly affected gold prices in Pakistan. As of the latest data, the 24-karat gold rate in Pakistan stands at PKR 352,000 per tola. This sharp rise reflects the combination of higher global prices and the depreciation of the Pakistani Rupee against the US Dollar.
Due to the falling value of the rupee, the price of gold has been significantly impacted, making it more expensive for local consumers and investors to purchase the precious metal.
Factors Driving Gold Prices in Pakistan
Several key factors are influencing the rise in gold rates in Pakistan:
- USD to PKR Exchange Rate: The depreciation of the Pakistani Rupee against the US Dollar has significantly contributed to the increase in the price of gold, as the local market is influenced by global gold prices in US dollars.
- Global Economic Uncertainty: Economic instability and inflationary pressures worldwide have made gold a preferred investment option, contributing to the increase in demand and price.
- Increased Central Bank Demand: Central banks, particularly in Asia, have been increasing their gold reserves, further supporting the rise in global gold prices.
Goldman’s Forecast and What It Means for Pakistan
Goldman Sachs, in its recent report, forecasted that gold prices could continue to rise, reaching $3,300 per ounce by the end of 2025. Analysts at the bank have suggested that in an extreme scenario, gold prices could surge to as high as $3,700 to $4,500 per ounce by 2025. This aligns with the current trend in Pakistan, where gold prices are at record levels.
The prediction indicates that gold may continue to be a reliable store of value in the face of ongoing economic uncertainties, and investors in Pakistan may need to prepare for further price hikes in the coming months.
What This Means for Gold Investors in Pakistan
As gold prices reach unprecedented heights, both gold investors and consumers in Pakistan are facing higher prices. However, with increasing demand for gold as a safe-haven investment and ongoing economic uncertainty, gold remains a valuable asset for those looking to hedge against inflation and currency depreciation.
Gold Prices in Pakistan to Stay High Amid Global Trends
In conclusion, the gold rate in Pakistan is poised to remain high as international trends continue to impact local prices. With global gold prices surging and domestic factors like the USD to PKR exchange rate playing a pivotal role, Pakistani consumers and investors are advised to keep a close watch on these development.
