Gold and Silver Prices in Pakistan Continue Persistent Upward Climb

Gold and silver prices in Pakistan continue their persistent upward climb, reflecting a powerful global rally in precious metals markets. The surge has captured the attention of investors and consumers, raising questions about the factors driving this increase and what it means for the local economy.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), as of Tuesday, October 14, 2025, the price of 24-karat gold reached an all-time high in the domestic market.

Factors Behind the Surge

Several major factors are contributing to the continuous rise in gold and silver prices in Pakistan:

• Global Market Rally: The primary driver is the ongoing surge in international gold and silver rates. Inflation fears, geopolitical tensions, and global economic uncertainty have led investors toward safe-haven assets, pushing prices higher worldwide.
• Rupee Depreciation: The steady decline of the Pakistani Rupee against the US Dollar has intensified the price surge, as both gold and silver are traded globally in dollars.
• Inflationary Pressure: With inflation remaining high, precious metals are serving as a hedge against declining purchasing power for many investors.
• Rising Local Demand: Economic uncertainty has prompted both individual and institutional investors in Pakistan to turn to gold and silver as reliable stores of value.
• Government Policies: Import duties, taxes, and trade regulations affecting precious metals also contribute to higher consumer prices in local markets.

International Market Context

The latest international spot rates also reflect the ongoing rally in precious metals:

Note: These international prices fluctuate in real time, and local bullion rates may vary slightly depending on city, dealer margins, and market premiums.

With global uncertainty and inflationary pressures continuing, analysts expect gold and silver prices in Pakistan to maintain their upward momentum in the coming weeks.