The price of gold in Pakistan has been a subject of significant attention especially over the past year.

The fluctuations in its price, though minor initially have surged dramatically in recent months reaching unprecedented levels.

As of now, the price of gold per tola stands at a record 299,000 rupees, up from 257,000 rupees in August of the previous year. This sharp rise has raised questions about the factors driving the price of gold and what the future holds, particularly in 2025.

Inflation and US tax

One of the key drivers behind the increase in gold prices in Pakistan is the global inflation rate, which has surged over the last year. Central banks across the world are reportedly buying more gold as a way of stabilizing their economies in anticipation of economic instability.

This demand for gold, coupled with the ongoing global economic challenges, is pushing the price of gold upwards.

Gold rates Pakistan latest

The United States' recent decision to increase tax rates on imports from major trade partners, including Mexico, Canada, and China, is also having a significant impact on global markets.

The resulting trade tensions are creating a ripple effect, with global investors flocking to gold as a safe haven for their investments.

If the global gold price reaches $3,000 per ounce, projections indicate that prices in Pakistan could climb beyond Rs 310,000 per tola.

Experts caution that if current trade policies persist, an economic confrontation could emerge further escalating gold prices.