The price of gold in Pakistan recorded a massive increase on Wednesday, October 8, 2025, with the 24-karat tola reaching its all-time high of Rs425,178, marking an Rs8,400 rise, according to the All Pakistan Sarafa Gems and Jewellers Association.

According to the association’s latest update, the price of 10 grams of 24-karat gold rose by Rs7,202, bringing it to Rs364,521, while 10 grams of 22-karat gold climbed to Rs334,156, up by Rs6,602.

Also Read: Gold price in Pakistan latest – October 7, 2025

Market analysts attribute the increase to a surge in international gold rates and fluctuations in the interbank exchange rate, which directly affects local bullion prices.

International market drives upswing

In the global market, the price of gold rose by $84, reaching $4,039 per ounce, crossing the $4,000 milestone for the first time. Experts believe the rise stems from investor uncertainty amid fluctuating global financial conditions and concerns over inflation, prompting traders to turn toward safe-haven assets like gold.

Also Read: Gold surges to record high — Could $5,000 be next?

Silver prices also rise in Pakistan

Silver also followed the same trend. The 24-karat silver tola increased by Rs55, now priced at Rs4,984 -- its highest level ever, while 10 grams of silver hiked to Rs4,272, reflecting a Rs47 rise.

On the international front, silver prices reached $48.80 per ounce, recording a modest increase of $0.55.

For the first time in history, the price of gold has surpassed $4,000 per ounce in the international market. In Pakistan, gold has also reached a record high, crossing Rs. 425,000 per tola for the first time. Meanwhile, the price of silver in Pakistan has also climbed to its highest level ever.