Pakistan’s gold market is heating up once again, with rates climbing sharply amid growing economic uncertainty and global tensions. The 24-karat gold price in Pakistan has touched PKR 365,300 per tola, while per gram, the rate stands close to PKR 31,319. These surging prices are prompting a critical question for investors and buyers alike: Should gold be bought now, or is a price correction on the horizon?
Over the past few days, the local market has witnessed significant movement. From PKR 355,700 per tola on June 14, the price surged to PKR 366,300 by June 16—an increase of over PKR 10,000 in just 48 hours. Though the price has slightly adjusted since then, the trend remains strong, driven by a mix of global and local factors.
What’s Behind the Rising Gold Rates?
The international backdrop plays a big role. Tensions in the Middle East—particularly between Iran and Israel—have rattled global markets, leading many investors to turn to gold as a safe-haven asset. At the same time, the Pakistani rupee’s continued weakness against the dollar is amplifying the effect at home, pushing gold prices higher.
Domestically, inflation and uncertain economic signals are also fueling demand. With fewer people trusting traditional savings instruments or stocks, many are seeking security in gold. Analysts suggest that as long as inflation stays high and the rupee remains under pressure, gold rates in Pakistan are likely to keep climbing.
Is It the Right Time to Buy Gold in Pakistan?
Market experts say it depends on your investment horizon. Those planning to hold gold long-term—six months or more—may find current prices reasonable. Projections suggest that gold could cross PKR 390,000 per tola by the end of 2025 if current trends persist.
However, for short-term buyers, it may be wise to watch the market over the next few days. After such a sharp spike, prices often stabilize or even dip slightly before the next upward push. If there’s a cooling-off period, that could present a better entry point.
What Should Buyers Do Now?
Instead of rushing in, financial advisors recommend a more cautious approach. Buying gold in smaller amounts over time—known as a staggered buying strategy—can help average out the highs and lows. It’s also worth keeping an eye on global gold trends, dollar rates, and local inflation data before making large investments.
The Bottom Line
Gold is once again proving its value as a reliable investment during times of uncertainty. While the current spike in prices may seem steep, the overall outlook remains strong—especially for those with long-term goals. Whether for wealth protection or portfolio diversification, gold remains firmly in focus for Pakistani investors in 2025.
