KARACHI/ISLAMABAD — December 15, 2025: Gold prices in Pakistan climbed again on Monday, tracking a fresh upswing in international bullion markets and keeping local rates near record territory. The move comes as global gold hovered close to a seven‑week high, supported by a softer US dollar, falling bond yields and renewed safe‑haven demand.
Gold rate in Pakistan today: latest prices (15/12/2025)
According to rates shared by the All‑Pakistan Gems and Jewellers Sarafa Association (APGJSA/APSGJA), local bullion prices moved higher in Monday’s session:
- 24K gold (per tola): Rs454,862 (up Rs2,600) [1]
- 24K gold (10 grams): Rs389,970 (up Rs2,229) [2]
- 22K gold (10 grams): Rs357,485 (up Rs2,043) [3]
Silver also extended its rally in Pakistan, printing new highs:
For context, APGJSA‑quoted gold had closed at Rs452,262 per tola in the previous session referenced by local market reports (after a weekend dip), before rebounding today. [6]
Why the gold price in Pakistan rose today
Pakistan’s gold market is highly sensitive to two moving parts:
- International spot gold prices (XAU/USD)
- The rupee’s exchange rate versus the US dollar (USD/PKR)
On December 15, the global backdrop turned supportive again.
1) International gold climbed toward a seven‑week high
In global trade, spot gold rose about 1% and was reported near $4,343.96/oz by mid‑morning GMT, with bullion holding close to its strongest levels since late October. [7]
Local Pakistan market stories, using association reference pricing, also cited an international bullion rate of $4,325/oz(with a premium referenced in the local pricing chain). [8]
2) A softer dollar and lower yields boosted bullion’s appeal
Reuters reporting on Monday pointed to a weaker US dollar and lower US Treasury yields—conditions that typically lift non‑yielding assets like gold—along with expectations that interest‑rate cuts could continue into 2026. [9]
A UBS analyst quoted in the same report highlighted a mix of investor demand, solid central‑bank buying, and growing expectations of lower rates in 2026 as supportive factors for gold. [10]
3) Markets are watching US jobs data for the next move
One reason gold is so reactive this week: investors are focused on upcoming US macro data—especially the non‑farm payrolls report—for signals on how aggressively the Federal Reserve may ease going forward. Reuters noted markets were pricing in two US rate cuts next year at the time of reporting. [11]
In plain terms: if markets see a softer US economy and more rate cuts ahead, gold often stays supported; if rates are expected to remain higher for longer, gold can cool.
Pakistan-specific angle: SBP rate cut adds another layer to gold’s outlook
Beyond the international drivers, Pakistan’s own monetary policy shifted on the same day.
On December 15, Reuters reported that the State Bank of Pakistan (SBP) cut its key policy rate by 50 basis points to 10.5%, surprising analysts who had expected no change. [12]
Why this matters for the gold price in Pakistan today (and next):
- Lower local interest rates can reduce the attractiveness of holding cash in some cases, encouraging demand for “store of value” assets like gold. (This is not automatic, but it’s a common market mechanism.)
- Expectations around inflation and the rupee can influence household and investor behaviour. Reuters noted inflation was around 6.1% in November and that analysts expected it could rise again later in FY26 as base effects fade and food/transport prices remain volatile. [13]
- If the rupee weakens (or if import costs rise), local gold can stay high even when global gold pauses—because the same ounce of gold costs more in PKR.
Silver is stealing headlines too — and that matters for bullion sentiment
While “gold price in Pakistan today” is the main search, many bullion buyers are also tracking silver because it can signal broader precious‑metal momentum.
On international markets, Reuters said spot silver rose to around $63.76/oz after pulling back from a recent record high. [14]
In Pakistan, APGJSA‑quoted silver hit Rs6,532 per tola, described in local market coverage as a fresh all‑time high. [15]
When silver is surging alongside gold, it often reflects stronger overall demand for precious metals—both as safe havens and (for silver) for industrial reasons.
Forecasts and market outlook from 15 December 2025: what to watch next
A “gold forecast” is never a guarantee, but several near‑term signposts stood out in today’s reporting.
Key global catalysts this week
- US non‑farm payrolls and inflation data: Pakistan market coverage cited analyst commentary that next week’s major US releases could be decisive for direction. [16]
- Fed rate path: With markets already pricing future cuts, any surprise shift in Fed messaging or data could swing gold quickly. [17]
Can gold test new record highs?
Pakistan market reporting on Dec 15 quoted a commodities market view that if US data “supports gold,” the metal could push above its prior highs—referencing an all‑time high area around $4,388. [18]
That’s significant for Pakistan because fresh global highs often translate into new local peaks—especially if USD/PKR is volatile.
Local (Pakistan) catalysts that could move gold prices
- Rupee movement vs the dollar: Even small FX shifts can change the rupee price of imported commodities like gold.
- SBP policy expectations after today’s surprise cut: Markets will reassess the pace of easing, inflation risks and external financing conditions. [19]
- Local premiums and supply: APGJSA reference rates can diverge from what buyers pay in city markets due to dealer margins, availability, and jewellery making charges.
What buyers in Pakistan should know before purchasing gold today
If you’re checking the gold rate today in Pakistan for buying jewellery, coins, or bars, keep these practical points in mind:
- Bullion rate vs jewellery bill: The market “gold price per tola” is typically a bullion benchmark. Jewellery purchases can include making charges, wastage, and retailer margins.
- Karat matters: 24K is purer than 22K; jewellery is often 22K or lower for durability. Today’s reporting included both 24K and 22K reference pricing. [20]
- City-to-city differences happen: Karachi, Lahore, and Islamabad rates are usually close, but not always identical due to local premiums and inventory.
Quick FAQ: gold price in Pakistan today (15 December 2025)
What is the 24K gold price in Pakistan today per tola?
Rs454,862 per tola, according to APGJSA‑quoted market reports on December 15, 2025. [21]
What is the gold price in Pakistan today for 10 grams?
Rs389,970 for 10 grams (24K) on December 15, 2025. [22]
Did gold go up or down today in Pakistan?
It rose by Rs2,600 per tola and Rs2,229 per 10 grams (24K) versus the prior session referenced in today’s market coverage. [23]
What is the silver price in Pakistan today?
Reported at Rs6,532 per tola and Rs5,600 per 10 grams in APGJSA‑quoted updates on Dec 15, 2025. [24]
Why are gold prices high in Pakistan right now?
Today’s rise is tied to a stronger international gold market (near a seven‑week high), helped by a weaker US dollar and expectations of rate cuts. Domestic factors—especially FX and interest‑rate shifts—also influence the PKR price. [25]
References
1. www.brecorder.com, 2. www.brecorder.com, 3. www.samaa.tv, 4. www.brecorder.com, 5. www.samaa.tv, 6. www.brecorder.com, 7. www.reuters.com, 8. www.brecorder.com, 9. www.reuters.com, 10. www.reuters.com, 11. www.reuters.com, 12. www.reuters.com, 13. www.reuters.com, 14. www.reuters.com, 15. www.brecorder.com, 16. tribune.com.pk, 17. www.reuters.com, 18. tribune.com.pk, 19. www.reuters.com, 20. www.samaa.tv, 21. www.brecorder.com, 22. www.brecorder.com, 23. www.brecorder.com, 24. www.samaa.tv, 25. www.reuters.com
