Gold prices in Pakistan have been climbing steadily over the past month, creating concern for buyers and excitement for investors. By the end of November 2025, the rate of 24-karat gold per tola reached close to the highest level ever recorded in the country. The increase is linked to global market trends, local currency issues, and rising interest from investors who see gold as a safe option during uncertain economic times.
Recent Gold Price Trends
On 26 November 2025, the price of 24-karat gold reached PKR 436,562 per tola, while the rate for 10 grams of the same purity was PKR 374,281.
Just a few weeks earlier, on 5 November 2025, the price was PKR 420,500 per tola and PKR 360,520 per 10 grams. This means that within only three weeks, gold became over PKR 16,000 per tola more expensive. This rise shows how quickly the market has moved and how strong the demand has become.
Why Are Gold Prices Rising?
Several major factors are pushing gold prices upward in Pakistan:
1. High Global Gold Prices
The international market is currently experiencing a strong rally. Global gold rates have crossed $4,000 per ounce, driven by economic uncertainty, geopolitical tensions, and rising inflation around the world. When global prices increase, local markets also feel the impact.
2. Weak Pakistani Rupee
The Pakistani rupee has continued to lose value against the US dollar. Since gold is imported, a weaker currency makes it more expensive to bring gold into the country. This directly causes an increase in retail prices for buyers.
3. Growing Local Investor Interest
Many people in Pakistan are choosing gold as a safer investment. With inflation rising and other investment options becoming unpredictable, gold is seen as a reliable asset to protect savings. This increased demand adds additional pressure on prices.
Impact on Buyers and Investors
The rapid increase in gold prices is affecting different groups in different ways:
- Jewelry buyers, especially families preparing for weddings, are worried because jewelry has become much more expensive than before. Even a small purchase now costs noticeably more due to the latest rise.
- Investors, on the other hand, are seeing this as an opportunity. Those who already bought gold earlier are now in a position to earn profit if they decide to sell. For long-term holders, gold remains a strong protection against economic instability.
Market Still Uncertain
Despite the rising trend, the gold market is not completely stable. Prices continue to move up and down depending on global market shifts and currency changes. Because of this, short-term buyers face a risk: they might buy at a high point, only for prices to drop later. Long-term investors, however, often benefit from holding gold over time.
Conclusion
Gold prices in Pakistan have increased sharply during November 2025, reaching near-record levels. The main reasons include high global gold rates, a weak rupee, and strong local demand. For buyers, this means higher costs, but for investors, it may be a favorable time depending on their goals.
If global uncertainty continues, gold prices may rise even further — but for now, the market remains unpredictable, and careful decision-making is important.
