KARACHI: Gold prices in Pakistan maintained their record-breaking momentum on Tuesday, February 11, 2025, in line with global market trends.
According to the All Sindh Sarafa Jewellers Association, the price of 24-karat gold per tola rose by Rs100, reaching Rs303,100, compared to Rs303,000 in the previous session. Similarly, the rate for 10 grams of 24-karat gold increased by Rs86, settling at Rs259,859 from Rs259,773.
In the international market, gold prices climbed by USD 1, hitting a new record high as demand for safe-haven assets surged amid concerns over a global trade war following U.S. President Donald Trump’s announcement of new tariff plans.
Fears of escalating trade tensions due to proposed U.S. tariffs on steel and aluminum imports fueled a rally in gold prices, which peaked at $2,942.70 during Asian trading hours before stabilizing at $2,909.49 per ounce by 0916 GMT, marking a 0.1% increase.
As investor concerns over U.S. trade policies grow, bullion’s ninth record high of 2025 has brought the key $3,000 mark into focus. Meanwhile, U.S. gold futures saw a 0.1% rise, trading at $2,936.10, maintaining a premium over the market price.
