Gold Price in Pakistan rose to a fresh record as international safe haven demand pushed prices higher and the rupee inched up slightly. The All Pakistan Sarafa Gems and Jewellers Association (APSGJA) reported that the price per tola climbed by Rs4,100 to reach Rs388,100. The rate for 10 grams increased by Rs3,514 to Rs332,733.
The previous day gold per tola had already touched Rs384,000 after a single day gain of Rs6,100. Global markets showed similar strength. Spot gold traded near $3,661 per ounce and earlier in the session hit a record near $3,661. US futures for December rose to $3,701 per ounce.
Traders pointed to growing expectations of a US interest rate cut in September and to weaker Treasury yields which reduced dollar strength and supported demand for gold. The metal attracted buyers as investors sought protection amid uncertain global conditions.
The Pakistani rupee continued a gentle recovery in the interbank market. The currency closed at 281.61, up one paisa from the prior close. This marked the rupee’s 23rd consecutive session of gains. Market data show the rupee has weakened 1.09 percent in the calendar year and appreciated 0.76 percent in the current fiscal year.
On the fiscal front at the end of June 2025, the central government debt of Pakistan had reached Rs77.9 trillion. This was 2.4 percent higher than in May and 13 percent higher than it was in June of the previous year. The domestic debt was at Rs54.5 trillion where the long term federal government bonds were at Rs41.4 trillion. The total external debt was Rs23.4 trillion.
Analysts warn that, due to the high dependence on domestic borrowing in the form of government bonds, and increasing external liabilities, it is important to note that, Pakistan faces a fiscal problem of managing an increasing debt stock through limited revenues.