Gold Prices Continue Upward Trend-Time High Amid Rising Global Tensions

Gold prices continue upward trend as the precious metal hits a historic high in Pakistan, reflecting growing demand.

Key Highlights:

• Gold prices in Pakistan climbed by Rs8,600, reaching Rs348,000 per tola on April 16, 2025.
• The rate for 24-karat gold per 10 grams surged to Rs298,353, reflecting a significant increase.
• Silver prices also climbed, reaching Rs3,460 per tola, increasing by Rs63.
• Global spot gold approached $3,298 per ounce, gaining 1.46% in one session.
• Demand for safe-haven assets intensified following new trade policy uncertainty from the U.S.

Current Market Overview

Gold prices continue upward trend in both domestic and international markets as geopolitical tensions and economic uncertainties heighten investor caution. The surge in Pakistani gold rates is driven largely by a global rush toward safe-haven assets, a classic market response during uncertain times.

On Wednesday, the price of 24-karat gold rose sharply to Rs348,000 per tola, gaining Rs8,600 in a single day. As reported by the All-Pakistan Gems and Jewelers Sarafa Association, 10 grams of 24-karat gold were sold for Rs298,353 after an increase of Rs7,373.

Meanwhile, 22-karat gold stood at Rs273,500 per 10-gram, also reflecting substantial gains.

Silver followed gold’s path, with 24-karat silver rising to Rs3,460 per tola, while 10 grams fetched Rs2,966, both showing significant upward movement.

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Detailed Analysis of Global and Local Trends

Market Context

The international gold market reacted strongly after U.S. President Donald Trump signaled possible new trade investigations, causing a rise in risk-off sentiment. As a result, investors rapidly shifted to gold, pushing spot gold prices close to $3,298 per ounce, an increase of $47.5 or 1.46%.

In the local market, the Pakistani rupee’s devaluation, combined with import pressures and regional economic instability, added momentum to gold’s ascent. The month-on-month change shows an increase of Rs33,200 per tola, while fiscal year-to-date growth hit Rs106,300.

Silver prices, although more stable, mirrored the general precious metals trend.

Technical Insights

From a technical standpoint, gold broke past key resistance at Rs340,000 per tola, setting a new base. Analysts expect the next resistance to emerge around Rs352,000, while support now holds near Rs341,500.

Internationally, the next global resistance is pegged at $3,320, with strong buying interest above the $3,280 support zone.

Moving averages continue to signal bullish momentum, with no immediate signs of reversal.

Expert Commentary

“Geopolitical disruptions often create safe-haven demand, and we’re seeing that unfold in real-time,” said Ahmed Raza, a senior commodities analyst at Capital Markets Watch. “The current price rally is not just emotional; it’s supported by economic fundamentals and rising institutional demand.”

Conclusion and Outlook

Gold prices continue upward trend globally and locally, driven by investor sentiment and real market dynamics. As uncertainties persist, especially around trade and currency pressures, gold may maintain its bullish momentum in the short term.

Investors are advised to monitor key international signals and technical indicators closely. While price corrections may occur, the overall trajectory remains upward—especially as market participants hedge against volatility.

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