The gold rates in Pakistan surged by Rs 54,800 per tola in just one month, marking one of the steepest increases in recent months as imports remain completely frozen.
Official data shows that gold prices have jumped by Rs 86,000 per tola in the past four months, reaching Rs 356,900 in the Sarafa Bazaar by June 2025.
Analysts warn that further hikes are possible if imports are not restored soon.
According to official documents, no gold imports were recorded in September 2025, marking the fourth consecutive month of complete import suspension.
The halt has left domestic markets struggling to meet growing consumer demand.
Year-on-year data indicates a 100 percent decline in imports, with zero inflows during the first quarter of FY2025–26, compared to 55 kilograms imported during the same period last year.
READ: Gold rates surge sharply, rise over Rs 12,000 per tola in week
The last recorded import was in May 2025, totaling just 9 kilograms.
In contrast, September 2024 saw gold imports worth $4.6 million, while February 2025 marked the year’s highest inflow with 43 kilograms, valued at over $4 million.
Market traders attribute the sharp rise in prices to severe shortages, speculative buying, and ongoing uncertainty in the international bullion market. They warn that hoarding and panic buying could further distort local prices.
Experts note that with the wedding season demand approaching and global gold prices showing volatility, local prices may continue climbing in the coming weeks.
