While the Pakistan Stock Exchange witnessed a historic bull run in 2025, gold emerged as a powerhouse for safe-haven investors, delivering a staggering 68.5% return in PKR terms over the last 12 months.
From December 31, 2024, to December 30, 2025, the price of 24-karat gold per tola rose from approximately Rs. 272,600 to a closing high of Rs. 459,462.
The surge was primarily driven by international market dynamics. The global rate of bullion climbed from $2,612 per ounce at the end of 2024 to $4,371 per ounce today, a 67.3% increase. In the local market, the price peaked in late November 2025 at Rs. 475,662 per tola before experiencing a slight correction to settle at the current Rs. 459,000 level.
The “Pillow” Profit for a retail trader who purchased 10 tolas of 24-karat gold on December 31, 2024 (worth approx. Rs. 2.72 million) and held it throughout the year, the investment is now valued at Rs. 4,594,620. This represents a net profit of over Rs. 1.86 million, significantly outperforming traditional savings accounts and most fixed-income instruments.