What is Pakistan’s current gold rate in November 2025 (per tola and 10 g)?
November 2025 saw a combination of volatility and rising pressure on Pakistan’s gold rate. Market reports indicate a sharp increase in the 24-karat gold rate. The pricing was around Rs 425,000 per tola and Rs 364,380 per 10 grams on November 1, 2025.
By mid-November, actual rates and some estimates suggested that prices might rise much more. If demand and worldwide trends continue to be strong, 24K gold may reach Rs 460,000 per tola.
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In particular, the All Pakistan Gems and Jewellers Sarafa Association reported on November 10, 2025, that the price of 24K gold was Rs 422,500 per tola and Rs 362,230 per 10 grams. On 18 November, another source showed the tola pricing as Rs 430,662, with 10 g at Rs 369,223. Around 20 November, prices in Karachi jumped further: 24K gold was at Rs 438,800 per tola and Rs 376,210 per 10 g.
Here is the information in a clean, well-formatted table:
| Date | 24K Gold Rate (Per Tola) | 24K Gold Rate (Per 10g) |
|---|---|---|
| 1 Nov 2025 | ~ Rs 425,000 | ~ Rs 364,380 |
| 10 Nov 2025 | Rs 422,500 | Rs 362,230 |
| 18 Nov 2025 | Rs 430,662 | Rs 369,223 |
| 20 Nov 2025 | Rs 438,800 | Rs 376,210 |
According to these figures, there was a noticeable increase in the price of gold in Pakistan in November 2025, especially in the latter part of the month.
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In November 2025, why is the price of gold rising? (Primary Motivators)
To understand the fluctuations in gold prices in Pakistan, several influencing factors must be considered:
1. **Global Bullion Market Pressure:** International gold prices significantly affect local markets. When global prices rise, local traders closely follow the trend, resulting in increased domestic prices.
2. **Pakistani Rupee Weakness:** The exchange rate between the Pakistani Rupee (PKR) and the US Dollar (USD) plays a crucial role. A devaluation of the PKR leads to higher costs of imported gold, which in turn raises local prices. Analysts suggest that even a slight depreciation of the rupee can result in substantial increases in the price of gold per tola.
3. **Safe-Haven Demand:** Economic uncertainties, inflation, and geopolitical tensions drive many Pakistanis to buy gold as a secure investment. This trend heightens during periods of instability, further increasing demand and, consequently, prices.
4. **Local Jewellery & Festive Demand:** The demand for gold typically surges in November due to weddings, festivals, and customary purchasing. Jewelers may either stockpile gold or postpone selling, tightening supply and supporting higher prices.
5. **Import Costs, Duties & Policy:** Changes in import duties, taxes, or regulatory policies directly impact the ultimate retail price of gold. Higher duties or more stringent regulations can lead to increased costs for consumers. Official website: https://gold.pk/
6. **Inflation & Inflation Hedging:** Persistent high inflation leads investors to use gold as a hedge against inflation. If inflation expectations remain elevated, the demand for gold may intensify, providing upward momentum to its prices.
7. **Forecast Confidence:** Market forecasts indicate a potential rise in gold rates during mid-to-late November, nurturing speculation among retailers and investors, consequently influencing market behaviors.
In summary, the interplay of global market dynamics, local currency strength, safe-haven purchasing behavior, festive demand, import regulations, inflation hedging, and market forecasts collectively shapes the current state and future predictions of gold prices in Pakistan.
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The Impact of the Gold Rate on Various Pakistani Buyer Types
• Long-term investors see rising gold rates as an opportunity to lock in value but face risks of potential price corrections.
• Jewellery buyers, purchasing for events like weddings or gifts, are affected by higher gold prices, which may lead them to wait for price dips or buy sooner to avoid further increases.
• Local jewelers are managing profit margins and customer demand, potentially raising making charges due to the increased cost of gold.
• Traders might limit inventories in anticipation of further price rises.
Advice for Purchasing or Selling Gold in Pakistan (November 2025)
• Monitor daily gold rates from trusted sources such as Karachi Sarafa Market or local sarafa associations.
• Negotiate making charges when purchasing jewelry, as higher gold prices do not always warrant high making charges.
• Choose gold purchasing weight based on budget: consider tola for long-term investment or 10 g for flexibility in jewelry.
• Timing is key; buy early in the week or month if anticipating rising rates, but consider waiting if expecting a correction.
• Purchase from reputable sellers and request purity certificates as necessary.
• Stay informed on exchange rate trends, as gold prices are linked to the PKR–USD rate.
• Develop a liquidation strategy if planning to sell gold later to minimize potential losses.
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Dangers to Watch Out For
- • Market Volatility: Global bullion prices may fluctuate, impacting local rates. – Currency Risk: Sudden rupee fluctuations can significantly alter gold costs.
- Liquidity Risk: Selling gold may be more difficult than purchasing, with resale value reliant on market demand and purity. –
- Storage Risk: Holding physical gold necessitates secure storage, potentially incurring additional costs.
- Regulatory Risk: Modifications in import duty or taxation policies can influence gold prices.
Official website: https://gold.pk/
Forecast and Professional Opinion for the Balance of November 2025
• Analysts are optimistic about gold prices for the remainder of November.
• Factors contributing to this optimism include:
– Ongoing demand for safe-haven assets amid local economic uncertainty.
– Anticipated weakness in the rupee, increasing the cost of gold imports.
– Seasonal demand due to weddings and festivals, likely boosting jewelry purchases.
• Some forecasts suggest that 24K gold prices could reach Rs 460,000 per tola by the month’s end under favorable conditions.
• Potential risks to future price increases include changes in global interest rates, a stronger dollar, and adjustments in import duties or local supply.
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In conclusion
Overall, Pakistan’s gold prices showed a consistent rising trend in November 2025 due to a number of factors, including the strength of the world market, the devaluation of the rupee, seasonal demand for jewelry, and increased investor interest in safe-haven assets.
The steady increase from early-month pricing of about Rs 425,000 per tola to about Rs 439,000 by November 20 is a result of both local economic pressures and global bullion patterns. Pakistan’s 24K gold rate may continue to rise toward anticipated highs, possibly reaching Rs 460,000 per tola by the end of the month, if these factors—particularly ongoing currency weakness, festive demand, and strong global gold momentum—continue.
FAQs
1. In November 2025, what was the price of gold in Pakistan?
The price of 24K gold increased steadily throughout the month, from around Rs 425,000 per tola on November 1 to approximately Rs 438,800 per tola on November 20.
2. What caused the price of gold to rise in November 2025?
The strength of the world bullion market, a declining Pakistani rupee, seasonal demand for weddings, and an increase in safe-haven purchases amid economic instability all contributed to the rise in gold prices.
3. Will gold prices keep going up till the end of November 2025?
Indeed. According to analysts, high demand and currency pressures might push gold prices up to Rs 460,000 per tola by late November if present trends continue.