Gold prices surged in Pakistan’s domestic market on Thursday, reversing the previous day’s decline.
According to the All Pakistan Gems and Jewellers Association, per tola gold rose by Rs2,500, reaching Rs304,000, while the 10-gram rate increased by Rs2,144 to Rs260,631.
Read more: Gold Hits Record High in Pakistan – Latest Rates
Internationally, gold also saw gains, with per ounce prices climbing by $28 to $2,913.
Silver followed suit, with per tola rising by Rs55 to Rs3,367 and 10-gram increasing by Rs47 to Rs2,886.
On Wednesday, gold had dropped by Rs1,600 per tola, settling at Rs301,500, while the 10-gram rate fell by Rs1,372 to Rs258,487.
The sharp rise in gold prices in 2025 is largely driven by tariff threats from US President Donald Trump. Amid growing economic uncertainty, investors are shifting from stocks and other volatile assets to gold, seen as a safe haven.
Last month, China announced tariffs of 10–15% on select US goods, effective February 10, further escalating trade tensions between the two nations.
