Gold reaches new all-time high in Pakistan after global market rally
KARACHI – September 1, 2025: Gold prices in Pakistan hit yet another all-time high on Monday, tracking gains from the international market as investors brace for a possible US Federal Reserve interest rate cut later this month.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola rose by Rs3,300, reaching a historic Rs370,700. Similarly, the rate for 10 grams increased by Rs2,829, settling at Rs317,815.
In the global market, gold surged by $33 to stand at $3,480 per ounce, including a $20 premium. This marks a continuation of the strong upward rally, just two days after domestic prices had previously set a record at Rs367,400 per tola.
Market experts link the surge to global investor sentiment, as reports suggest that the US Federal Reserve may cut interest rates in its upcoming September 16–17 FOMC meeting. A rate cut typically makes gold more attractive as a safe-haven asset, driving demand worldwide.
With the rupee under pressure and inflation concerns still looming, analysts believe domestic gold prices could rise further if global trends persist.
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