Gold rate in Pakistan today – February 7, 2025

Gold prices in Pakistan have reached a historic peak, mirroring the global surge in gold prices due to rising economic uncertainty.

In the local market, the price of gold per tola surged by Rs1,346, hitting an unprecedented Rs300,046 for the first time ever. Similarly, the price of 10-gram gold climbed by Rs1,154, reaching Rs257,241.

This surge in prices comes amid heightened fears over global trade tensions, particularly following US President Donald Trump’s imposition of tariffs on goods from Mexico, Canada, and China.

These tariffs, aimed at curbing the flow of fentanyl and illegal immigrants, have ignited concerns of a global trade war, fueling increased demand for gold as a safe-haven asset.

Brian Lan, Managing Director of Singapore-based dealer GoldSilver Central, commented on the ongoing upward trend in the gold market, stating that this is “uncharted territory” and that gold prices are likely to continue climbing to new heights.

The international gold price reached a record high on Friday, with rates hitting $2,869 per ounce, up by $10 from the previous day.

In response to rising tensions, China imposed its own tariffs on US imports on Tuesday, further exacerbating global economic uncertainty and driving the demand for gold.

In contrast to gold, silver prices also saw a rise, with the price per tola increasing by Rs51, bringing the total to Rs3,378.

As the global trade conflict intensifies, analysts predict that gold prices may continue their upward trajectory, marking a period of volatile yet historically high values in the precious metals market.