Gold Prices in Pakistan May Soar to Record PKR 470,000 Per Tola Amid Global Economic Uncertainty

KARACHI:Amid rising global economic uncertainty, investors around the world are turning once again to gold as a safe haven asset, driving prices to unprecedented levels. Experts now predict that gold prices in **Pakistan may soon touch a historic high of PKR 470,000 per tola**, if international trends continue.

Currently, the global price of gold has crossed **$3,326 per ounce**, which has pushed the local market rate to **PKR 349,700 per tola**. However, analysts believe this is just the beginning.

### **Global Price Surge & Local Impact**

According to market experts:
– If gold hits **$3,700/oz** as forecasted by investment giant **Goldman Sachs**, Pakistan’s gold prices could rise to **PKR 389,000 per tola**.
– In the event of a global price surge to **$4,500/oz** — driven by trade tensions and uncertain policy environments — gold in Pakistan may climb to **PKR 473,000 per tola**, marking an all-time high.

### **What’s Driving the Surge?**
The primary drivers include:
– **Trade tariffs** reintroduced by former U.S. President Donald Trump, which have unsettled global markets.
– **Inflation concerns**, persistent geopolitical tensions, and **central bank gold purchases**.
– **Uncertainty in global monetary policies**, especially in the U.S., has raised fears about economic slowdown.

Anuj Gupta, Head of Commodity & Currency at HDFC Securities, said:
> “Gold is the strongest defensive asset in times of uncertainty. Despite short-term stock market recovery, the fundamentals favor gold’s long-term rally.”

U.S. Federal Reserve Chairman Jerome Powell recently noted that a **1% increase in tariffs could reduce U.S. economic growth by 0.10%**, adding to investor anxiety.

### **Local Markets on Alert**

For Pakistani investors and jewelers, the implications are profound. As gold prices are globally set in U.S. dollars, **any global change directly affects the Pakistani market**. The recent surge in local prices reflects this exact trend.

Navneet Damani, Senior VP at Motilal Oswal Group, echoed similar sentiments, highlighting:
> “Ongoing trade tensions, inflationary pressures, and central bank buying will continue to support high gold prices.”

### **What It Means for Investors**

Experts advise that **any dip in gold prices should be considered a buying opportunity**, especially in volatile times like these. With gold steadily gaining ground, it may become a more central component in diversified investment portfolios.

For those involved in the gold trade in Pakistan, this could either be a warning sign or a strategic opportunity to navigate shifting market conditions.

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**Bottom Line:**
If global trends persist, **PKR 470,000 per tola** may no longer be a prediction — it may soon become **reality**.