Gold prices in Pakistan moved sharply higher on Wednesday, December 17, 2025, extending the ongoing bullish trend in the precious metals market. The price of 24-karat gold jumped by Rs2,700 per tola, reflecting strong global momentum and sustained local demand.
According to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA), 24-karat gold is now being sold at Rs453,562 per tola, compared to Rs450,862 in the previous session.
Latest Gold Rates in Pakistan (17 December 2025)
The upward movement was also seen in gram-based pricing:
• 24-karat gold (10 grams): Rs388,856 (up Rs2,315)
• 22-karat gold (10 grams): Rs356,464
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This marks one of the strongest single-day gains in recent weeks, pushing gold closer to new historic highs in the domestic market.
Silver Prices Hit Record High in Local Market
Silver followed gold’s rally, posting notable gains across the board:
• 24-karat silver (per tola): Rs6,822 (up Rs290)
• 24-karat silver (10 grams): Rs5,848 (up Rs248)
Market participants note that silver is currently trading at record-high levels, both locally and internationally, driven by investment demand and global supply constraints.
One-Month Performance Highlights Short-Term Upside
Over the past one month, gold prices in Pakistan have surged by Rs29,900 per tola, delivering attractive short-term returns for investors seeking protection against inflation and PKR depreciation.
Silver also recorded a solid monthly increase of Rs1,577 per tola, benefiting from both industrial demand and safe-haven investment flows.
Fiscal Year-to-Date: Gold Remains a Strong Hedge
From a financial year-to-date (FYTD) perspective, gold has appreciated by Rs103,362 per tola, underlining its effectiveness as a long-term store of value. Silver has also performed well, gaining Rs3,040 per tola during the ongoing fiscal year.
This performance highlights why gold and silver remain preferred assets for portfolio diversification in Pakistan’s volatile macroeconomic environment.
Calendar Year-to-Date Returns Reflect a Powerful Bull Market
The calendar year-to-date (CYTD) data shows a pronounced bull run. Gold prices have climbed by Rs180,962 per tola since the start of 2025, while silver has advanced Rs3,472 per tola.
These gains position precious metals among the top-performing asset classes of 2025, outperforming many traditional investment options.
Investment Outlook: Why Precious Metals Remain Attractive
With global gold prices trading near record levels and silver touching historic highs, market sentiment remains decidedly bullish. Factors supporting continued strength include:
• Persistent global economic uncertainty
• Expectations of accommodative monetary policies
• Rising geopolitical risks
• Local currency depreciation pressures
For investors, gold and silver continue to offer capital preservation, inflation protection, and portfolio stability, making them critical components of a balanced investment strategy.
Global Gold Market Update
In the international market, spot gold was trading near $4,323 per ounce, gaining $15.1 or 0.35% from the previous session. Analysts attribute the global rally to:
• Persistent geopolitical tensions
• Expectations of easier monetary policy
• Continued investor appetite for safe-haven assets
The international surge continues to directly influence local bullion prices in Pakistan.
Outlook: Will Gold Prices Rise Further?
With silver touching historic highs and gold maintaining strong upward momentum, market sentiment remains bullish. Traders expect prices to stay volatile in the short term, closely tracking global trends, currency movements, and upcoming economic data.
For investors, gold and silver continue to serve as key hedges against inflation and currency depreciation, keeping demand firm in Pakistan’s bullion market.