Gold Hits Rs. 422,700 per Tola: Will the Surge Continue?

In the local bullion markets across Pakistan, the price of gold remains steady today, Sunday, October 12, 2025, at Rs. 422,700 per tola. “These prices will remain effective until tomorrow, Monday, after which the All Pakistan Sarafa Jewellers Association will issue new rates,” according to the official statement.

The association reported a significant increase in gold rates yesterday, Saturday, October 11, with the price of one tola rising by Rs. 2,100 to reach the current level. Due to the weekend holiday, these rates are unchanged today.

Similarly, the price of 10 grams of gold has increased by Rs. 1,800 and is now being traded at Rs. 362,397, as per the official pricing from the All Pakistan Sarafa Jewellers Association.

Meanwhile, the international gold market has also seen a rise, with the price per ounce climbing by $21 to reach $4,016. Analysts suggest that continued global economic uncertainty and currency fluctuations could push prices even higher in the coming months.

Goldman Sachs has projected that by December 2026, the international gold price could reach $4,900 per ounce—an increase of nearly 25% from current levels. If this prediction materializes, local prices could also rise sharply.

“The price of gold per tola in Pakistan may increase from Rs. 422,700 to Rs. 450,000 or even higher, according to this prediction.”

The rise in gold prices is largely influenced by international trends, with the depreciation of the Pakistani rupee further contributing to local price hikes. Experts note that any further decline in the rupee or global market instability could continue to drive gold prices upward.

Additionally, investors are increasingly turning to gold as a safe haven, amid rising prices for both gold and silver globally. This shift in investor sentiment is fueling greater demand for precious metals, reinforcing the upward pressure on prices.