Business Desk 
Oct 17, 2025
Gold prices in Pakistan reached an all-time high on Friday, with prices rising by more than Rs14,000 per tola due to a sharp rise in international bullion markets.
Similarly, silver also gained, with 24K silver priced at Rs5,504 per tola and 10 grams of 24K silver at Rs4,718, while the international price of silver reached $54.17 per ounce.
In line with the current price of gold is Rs456,900 per tola of 24k and Rs391,718 for 10 grams of 22k, up by Rs12,089. In the international market, the price of gold rose $141 per ounce to $4,358, the largest single-day increase in months.
The international price of gold crossed $4,300 per ounce as tensions between the US and China resurfaced, along with rising expectations for rate cuts in the US. That rally was reflected in local bullion markets.
The latest rally in gold prices was driven by increased demand from central banks in China, India, Brazil, and Saudi Arabia buying gold, as well as increased demand from investors seeking safe-haven assets.
These buyers are looking for diversification in reserves, which has increased pressure on both international and local gold markets.
Gold price is at a historical high globally, and the upward trend is expected to carry on into 2026. The Hongkong and Shanghai Banking Corporation Limited (HSBC) has recently raised its forecasts, stating that it believes gold prices could reach $5,000 per ounce in the first half of next year.
