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Gold prices hit fresh record as August closes with over Rs14,000 gain

Gold prices hit fresh record as August closes with over Rs14,000 gain

Web Desk
Aug 30, 2025

KARACHI: Gold prices in Pakistan surged to a new all-time high on Saturday, closing both the week and the month of August 2025 with a sharp increase that highlighted the continued volatility in the bullion market.

According to figures released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold rose by Rs3,600 on Saturday, pushing the per tola rate to Rs367,400. This marked the highest level ever recorded in the country, surpassing the previous peak of Rs363,700 per tola set on April 22, 2025.

The price of 10 grammes of gold also jumped by Rs3,172, settling at Rs314,986. On the international front, gold prices strengthened as well, with the global rate rising by $36 to $3,447 per ounce, inclusive of a $20 premium.

Silver also saw an uptick, though on a much smaller scale, with its per tola price increasing by Rs81 to Rs4,202.

Strong end to the week and month

The sharp rally in domestic prices came at the end of a week in which gold added Rs7,300 in value. At the start of the week on Monday, gold was priced at Rs359,800 per tola, before a series of upward movements lifted it to Saturday’s record closing.

Gold prices in Pakistan throughout August 2025

Saturday’s surge also brought a decisive end to August on a bullish note. At the end of July, gold had been priced at Rs353,000 per tola. By August 30, it had gained Rs14,400 over the month, reflecting both local demand and the influence of global trends.

August price journey

Gold prices displayed sharp swings during the month, with frequent shifts between gains and declines before eventually rallying strongly towards the end.

Date	Price (Rs per tola)	Change from previous day
August 1	352,900	down by 100
August 2	359,000	up by 6,100
August 4	359,500	up by 500
August 5	358,000	down by 1,500
August 6	359,300	up by 1,300
August 7	362,200	up by 2,900
August 8	362,700	up by 500
August 9	362,400	down by 300
August 11	358,800	down by 3,600
August 12	358,300	down by 500
August 13	358,100	down by 200
August 15	357,100	down by 1,000
August 16	356,200	down by 900
August 18	357,700	up by 1,500
August 19	356,600	down by 1,100
August 20	355,200	down by 1,400
August 21	357,200	up by 2,000
August 22	355,700	down by 1,500
August 23	359,800	up by 4,100
August 25	359,800	No change
August 26	360,700	up by 900
August 27	361,700	up by 1,000
August 28	362,600	up by 900
August 29	363,700	up by 1,200
August 30	367,400	up by 3,600

The month opened on August 1 at Rs352,900 per tola, down by Rs100 compared to the previous session. However, the very next day saw an extraordinary jump of Rs6,100, taking the rate to Rs359,000. Prices continued to move unevenly in the early days, rising to Rs359,500 on August 4, then falling back to Rs358,000 on August 5, and recovering to Rs359,300 on August 6.

By mid-August, the trend shifted downwards. Gold slipped to Rs358,800 on August 11, and then to Rs358,300 and Rs358,100 on August 12 and 13 respectively. The slide deepened further, touching Rs357,100 on August 15 and Rs356,200 on August 16. A brief rebound occurred on August 18, when rates climbed to Rs357,700, but this did not hold for long, as prices again dropped to Rs355,200 on August 20.

A notable turnaround came on August 21 with a jump of Rs2,000 to Rs357,200, but the momentum weakened quickly, as the rate fell back to Rs355,700 on August 22.

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It was in the final week of the month that the market displayed consistent strength. On August 23, gold surged by Rs4,100 to Rs359,800 and remained stable the next day.

From there, prices continued climbing: Rs360,700 on August 26, Rs361,700 on August 27, and Rs362,600 on August 28. The upward rally accelerated further, hitting Rs363,700 on August 29 and finally closing the month at Rs367,400 on August 30 after another sharp gain of Rs3,600.

Global and local factors

Market analysts note that fluctuations in the global market, combined with shifts in the PKR’s performance and rising demand for safe-haven assets, played a key role in shaping August’s trajectory. With international gold also posting gains, the domestic market followed suit, reflecting broader investor sentiment.