International bullion rate climbs $31 per ounce to a record $3,052, while Pakistan sees sharp increases in domestic gold prices
Gold prices reached historic peaks on Thursday, March 27, 2025, in both international and domestic markets, fueled by robust investor demand amid ongoing global economic uncertainties. Market data revealed that the international bullion rate surged by $31 per ounce, pushing the price to an all-time high of $3,052. This remarkable climb underscores gold’s enduring appeal as a reliable asset during turbulent times.
In Pakistan, the ripple effects of the global surge were immediately evident as local gold prices followed suit. The cost of 24-karat gold per tola jumped by Rs3,200, soaring to a record-breaking Rs321,000. Similarly, the price for 10 grams of gold saw a significant uptick, rising by Rs2,743 to reach Rs275,205. These increases mark new milestones for the precious metal in the domestic market, reflecting its alignment with worldwide trends.
Bullion traders and market analysts pointed to several key factors driving this unprecedented rally. Persistent inflation fears, coupled with volatile currency movements, have amplified gold’s status as a safe-haven investment. Investors, both globally and locally, are increasingly turning to the metal to safeguard their wealth against economic instability. The surge in demand has been particularly pronounced as uncertainties surrounding monetary policies and geopolitical developments continue to loom large.
In the international arena, the $31 per ounce increase highlights the intensity of buying activity in the bullion market. Gold’s ascent to $3,052 per ounce has shattered previous records, signaling strong confidence in the metal’s value as a hedge against financial unpredictability. Analysts note that this milestone could pave the way for further gains if current economic conditions persist.
Locally, the Pakistani market has mirrored these global dynamics with striking precision. The Rs3,200 hike in the per-tola price of 24-karat gold to Rs321,000 reflects not only external pressures but also a growing domestic appetite for the precious metal. The 10-gram rate’s climb to Rs275,205 further illustrates how closely tied local prices are to international fluctuations, with traders citing heightened buying as a major catalyst.
Market observers emphasized that gold’s role as a trusted store of value remains unshaken. “The combination of inflation concerns and currency depreciation is pushing more people toward gold,” said a prominent bullion trader. “It’s a natural response to the uncertainty we’re seeing worldwide.”
As gold continues its upward trajectory, both global and local markets are bracing for potential new highs. Investors and traders alike are keeping a close watch on economic indicators and policy shifts that could further influence prices. For now, gold’s record-breaking run serves as a testament to its enduring allure in an ever-shifting financial landscape.
