The gold market in Pakistan witnessed a notable upward trend as the rates of 24 karat per tola surged by Rs1,100. Consequently, gold was traded at a new rate of Rs314,800 on Monday, reflecting an increase from the previous trading day’s rate of Rs313,700. This change was reported by the All Pakistan Sarafa Gems and Jewelers Association.

The trend was similarly mirrored in the prices of 10 grams of 24 karat gold, which rose by Rs943, bringing the price up to Rs269,890 from the earlier rate of Rs268,947. Additionally, the prices of 10 gram 22 karat gold also saw an increase of Rs865, reaching Rs247,408 from Rs246,543.

Interestingly, while the gold rates experienced a hike, the prices of silver remained unchanged. The cost of per tola and ten gram silver continued to hold steady at Rs3,530 and Rs3,026, respectively.

This rise in domestic gold prices aligns with the trends in the international market where the price of gold saw an increment of $13, moving up to $2,997 from $2,984. By contrast, silver prices in the global market remained unaltered at $33.85.

Meanwhile, the fluctuations in gold prices were not confined to Pakistan alone. In Saudi Arabia, the rates for 24-karat gold also registered an increase. As of March 17, 2025, gold was valued at 4,196 Saudi Riyal (SAR) per tola. Further details indicate that 10 grams of 24-karat gold in Saudi Arabia were being sold at SAR 3,601, and the price for an ounce of gold stood at 11,201 Saudi Riyal.

Gold, as a precious metal, continues to hold immense value across the globe. Its timeless appeal stems from its rarity, robustness, and extensive attraction. For centuries, gold has been favored as a safe-haven asset, offering a secure mode to preserve wealth during periods marked by economic uncertainty.

Moreover, central banks and investors globally opt to sustain gold reserves as a strategy to diversify their investment portfolios. This approach helps protect against inflation and fluctuations in currency value, ensuring more stability in their financial holdings.

The persistent rise in gold prices accentuates its critical role in the economy. As global market conditions continue to fluctuate, gold remains an essential asset for both private investors and governmental financial sectors seeking to safeguard their economic interests.