Over the last nine months, gold has been on a historic run, delivering one of the strongest rallies in decades. Prices opened 2025 at around $2,624 per ounce or Rs290,000 per tola in Pakistan and have since surged close to $3,895, or Rs410,000, marking a staggering 44% rise year-to-date. This climb, amounting to more than $1,250 in gains within a single year, has stunned market watchers and forced major financial institutions like Goldman Sachs, Citi, and JPMorgan to repeatedly revise their price forecasts upward.

What began as a steady upward grind in late 2023 has morphed into what analysts now call “beast mode,” with gold repeatedly breaking through resistance levels and showing little appetite for meaningful corrections.

This unusual surge comes against a backdrop of geopolitical tur

See Full Page