Gold Prices Surge in April: Local and Global Markets Hit Record Highs

Gold prices in April 2025 witnessed significant fluctuations in 24K gold prices, Pakistan skyrocketed by Rs 20,800 per tola in April, closing at an all-time high of Rs 345,800 per tola, according to the All Pakistan Gems and Jewellers Association.

The surge didn’t stop there—10 grams of gold also jumped by Rs 17,832, reaching Rs 296,467 by month-end.

The month began on a volatile note, peaked mid-month, and stabilized slightly by month-end.

Key Highlights:

• Highest Rate: Rs. 370,000/tola (reached twice: early and late April)
• Lowest Rate: Rs. 320,000/tola (early-month dip)
• 29 April Closing: Rs. 345,000/tola

Gold Prices in April (24K per Tola)

What Drove the Volatility?

1. Global Cues: Uncertainty in Middle East peace talks and USD fluctuations impacted prices.
2. Local Demand: Wedding season purchases briefly stabilized rates mid-month.
3. Investor Sentiment: Safe-haven buying surged during geopolitical tensions.

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