Gold prices today in Pakistan — December 29, 2025

The price of 24-karat gold decreased by Rs5,500 per tola and was sold at Rs470,162 on Monday as compared to Rs475,662 on the previous trading day, All Pakistan Sarafa Gems and Jewellers Association reported.

The price of 10 grams of 24 karat gold also dropped by Rs4,715 to Rs403.088 from 407,803, while 10 grams of 22 karat gold declined by Rs4,323 to Rs369,510 from Rs 373,833.

In the international market, the price of gold fell by $55 to $4,478 from $4,533 per ounce.

Likewise, the price of silver per tola decreased by Rs332 to Rs8,075, while 10 grams of silver went down by Rs284 to Rs6,923. International silver prices also dropped by $3.32 to $76.00 per ounce.

– Safe havens –

Gold and silver are traditionally seen as safe-haven assets, and demand has soared amid mounting geopolitical tensions, from US President Donald Trump’s tariffs onslaught to wars in Ukraine and Gaza, as well as recent pressure by Washington on Caracas.

Investors are also uneasy about rising public debt in major economies and the risk of a bubble in the artificial intelligence sector.

These uncertainties are driving up gold and silver, with other metals now starting to see the impact as investors seek to diversify their portfolios, explained John Plassard, an analyst at Cite Gestion Private Bank.

“Metal is once again becoming insurance rather than just a speculative asset,” he told AFP.

– A weak dollar –

Traditional safe havens like the dollar and US Treasuries have become less attractive this year.

Uncertainty around Trump’s presidency and the prospect of further Federal Reserve interest rate cuts, have weakened the dollar, reducing its appeal to investors.

As a result, many investors are turning to gold and silver.

Gold has climbed more than 70 percent this year and passed $4,500 an ounce for the first time on Wednesday, while silver reached a record high of $72 an ounce, with prices up about 2.5 times since January.

A weak dollar is also boosting industrial metals, since commodities priced in dollars become cheaper for buyers when the currency falls.