KARACHI: Gold and foreign currency prices continue to fluctuate in Pakistan, where the impact of the global market is also visible on the local market. According to the latest data, the price of gold has seen a further increase on March 24, 2025, under which 10 grams of gold have reached Rs 272,319, while one tola has reached Rs 317,296. The price of gold has increased due to a price hike in the local market.
According to experts, the rise in the value of the dollar, inflation, and rising global demand for gold are among the main reasons for the rise in local prices. Economic analysts say that more volatility is expected in the price of gold, as investors are preferring to invest in gold in view of the concerns of the global financial crisis.
On the other hand, significant changes have also been seen in the prices of foreign currency in Pakistan’s open market. The US dollar was bought at Rs 280.60 and is being sold at Rs 282.10, while the price of the British pound has reached a high of Rs 365.25. The euro is available at Rs. 306.00, while the Saudi riyal is available at Rs. 75.30.
Economists say that due to the depreciation of the rupee, the increase in imports, and global economic instability, the demand for dollars and other foreign currencies is increasing in Pakistan, which is increasing their value in the local market.
The volatility in Pakistan’s currency market and gold prices is creating uncertainty for investors. Analysts say that the government will have to adopt an effective monetary policy to keep the value of the rupee stable in the near future and to stabilize gold prices.
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