Gold prices in Pakistan have reached historic levels, crossing the Rs. 400,000 mark for the first time. On Monday, 2 November 2025, the local bullion market witnessed an extraordinary surge as the value of gold and silver climbed to record-breaking figures. According to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA), the rate of 24-karat gold increased sharply, driven by global market trends, economic uncertainty, and currency fluctuations.
24-Karat Gold Soars to Rs. 403,600 per Tola
In a significant jump, the price of 24-karat gold in Pakistan rose by Rs. 5,900 in just one day. The new rate settled at Rs. 403,600 per tola, while 10 grams of 24-karat gold were priced at Rs. 346,021, marking a gain of Rs. 5,058. The rapid increase has surprised both investors and jewelers, as it marks the first time in history that gold has crossed this psychological threshold.
This spike is not limited to gold alone. 22-karat gold also witnessed a sharp increase, with 10 grams priced at Rs. 317,197, while silver prices followed the same trend. The continuous upward momentum reflects both local and international market pressures.
Gold and Silver Prices in Pakistan – 2 November 2025
The following table provides the updated prices of gold and silver across Pakistan:
| Metal | Purity | Price Per Tola | Price Per 10g | Daily Change |
|---|---|---|---|---|
| Gold | 24K | Rs. 403,600 | Rs. 346,021 | +Rs. 5,900 / +Rs. 5,058 |
| Gold | 22K | — | Rs. 317,197 | — |
| Silver | 24K | Rs. 4,792 | Rs. 4,108 | +Rs. 88 / +Rs. 76 |
In the international market, gold prices rose to $3,818 per ounce, including a $20 premium, showing an increase of $59 in a single day. The rise in global value has directly influenced Pakistan’s domestic gold prices, as the country’s market closely follows global trends.
Why Gold Prices Are Increasing
Economic analysts believe that multiple factors are contributing to the surge in gold prices. Global investors are turning to gold as a safe-haven asset amid economic instability, inflation fears, and currency fluctuations. In Pakistan, the depreciation of the rupee against the U.S. dollar has further magnified the impact of rising global rates.
Key reasons for the rise include:
- Global economic uncertainty and inflationary pressure
- Increased demand for gold as a secure investment
- Depreciation of the Pakistani rupee
- Rising international gold rates due to market speculation
These combined forces have made gold one of the most sought-after assets in both the global and local financial markets.
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Impact on Investors and Jewelers
The surge in gold prices has had a dual impact. For investors, gold continues to serve as a stable and reliable investment during times of uncertainty. On the other hand, jewelers face a challenging market environment as rising costs reduce consumer buying power. Many buyers are delaying purchases, hoping for a price correction in the coming weeks.
However, analysts predict that as long as economic instability persists, gold will remain a preferred investment choice in Pakistan. Both traders and long-term investors are closely monitoring international trends to make informed decisions.
Latest Market Summary – 2 November 2025
| Category | Details |
|---|---|
| 24K Gold (Per Tola) | Rs. 403,600 |
| 10g 24K Gold | Rs. 346,021 |
| Silver (Per Tola) | Rs. 4,792 |
| International Gold Price | $3,818/oz |
| Daily Increase | Rs. 5,900 (Gold) / Rs. 88 (Silver) |
Conclusion
The gold price in Pakistan on 2 November 2025 marks a significant milestone in the country’s bullion history. With rates surpassing Rs. 403,000 per tola, this unprecedented surge reflects the global market’s volatility and the growing reliance on gold as a financial safeguard. As global economic challenges continue, experts suggest that gold prices may remain high in the short term, offering both opportunities and challenges for investors across Pakistan.
