diff --git a/CHANGELOG.md b/CHANGELOG.md
index b39dffd595e..42b7ca3f422 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -90,6 +90,7 @@ To learn more about active deprecations, we recommend checking [GitHub Discussio
 - **General**: Fix ScaledObject admission webhook to return validation error from `verifyReplicaCount`, preventing invalid ScaledObjects from being created ([#5954](https://github.com/kedacore/keda/issues/5954))
 - **Azure Data Explorer Scaler**: Remove clientSecretFromEnv support ([#7554](https://github.com/kedacore/keda/pull/7554))
 - **Cron Scaler**: Fix metric name generation so cron expressions with comma-separated values no longer produce invalid metric names ([#7448](https://github.com/kedacore/keda/issues/7448))
+- **External Scaler**: gRPC Pool uses TLS context in the key ([#7687](https://github.com/kedacore/keda/issues/7687))
 - **Forgejo Scaler**: Limit HTTP error response logging ([#7469](https://github.com/kedacore/keda/pull/7469))
 - **Forgejo Scaler**: Return correct activity to enable scale-to-zero ([#7527](https://github.com/kedacore/keda/issues/7527))
 - **GCP Cloud Tasks Scaler**: Implement escapeFilterValue for metric filtering ([#7482](https://github.com/kedacore/keda/pull/7482))
diff --git a/pkg/scalers/external_scaler.go b/pkg/scalers/external_scaler.go
index 291d59b3e87..a29427ab1a2 100644
--- a/pkg/scalers/external_scaler.go
+++ b/pkg/scalers/external_scaler.go
@@ -57,6 +57,15 @@ var connectionPool sync.Map
 
 const grpcConfig = `{"loadBalancingConfig": [{"round_robin":{}}]}`
 
+type externalScalerConnectionPoolKey struct {
+	ScalerAddress string
+	EnableTLS     bool
+	UnsafeSsl     bool
+	CaCert        string
+	TLSClientCert string
+	TLSClientKey  string
+}
+
 // NewExternalScaler creates a new external scaler - calls the GRPC interface
 // to create a new scaler
 func NewExternalScaler(config *scalersconfig.ScalerConfig) (Scaler, error) {
@@ -289,6 +298,19 @@ func handleIsActiveStream(ctx context.Context, scaledObjectRef *pb.ScaledObjectR
 
 var connectionPoolMutex sync.Mutex
 
+func getConnectionPoolKey(metadata externalScalerMetadata) (uint64, error) {
+	key := externalScalerConnectionPoolKey{
+		ScalerAddress: metadata.ScalerAddress,
+		EnableTLS:     metadata.EnableTLS,
+		UnsafeSsl:     metadata.UnsafeSsl,
+		CaCert:        metadata.CaCert,
+		TLSClientCert: metadata.TLSClientCert,
+		TLSClientKey:  metadata.TLSClientKey,
+	}
+
+	return hashstructure.Hash(key, nil)
+}
+
 // getClientForConnectionPool returns a grpcClient and a done() Func. The done() function must be called once the client is no longer
 // in use to clean up the shared grpc.ClientConn
 func getClientForConnectionPool(metadata externalScalerMetadata) (pb.ExternalScalerClient, error) {
@@ -315,7 +337,7 @@ func getClientForConnectionPool(metadata externalScalerMetadata) (pb.ExternalSca
 
 	// create a unique key per-metadata. If scaledObjects share the same connection properties
 	// in the metadata, they will share the same grpc.ClientConn
-	key, err := hashstructure.Hash(metadata.ScalerAddress, nil)
+	key, err := getConnectionPoolKey(metadata)
 	if err != nil {
 		return nil, err
 	}
diff --git a/pkg/scalers/external_scaler_test.go b/pkg/scalers/external_scaler_test.go
index d018676c554..bc79a6f6ce9 100644
--- a/pkg/scalers/external_scaler_test.go
+++ b/pkg/scalers/external_scaler_test.go
@@ -92,6 +92,121 @@ func TestExternalScalerParseMetadata(t *testing.T) {
 	}
 }
 
+func TestGetConnectionPoolKey(t *testing.T) {
+	tests := []struct {
+		name     string
+		left     externalScalerMetadata
+		right    externalScalerMetadata
+		wantSame bool
+	}{
+		{
+			name: "same metadata yields same key",
+			left: externalScalerMetadata{
+				ScalerAddress: "grpc.example:9090",
+				EnableTLS:     true,
+				UnsafeSsl:     false,
+				CaCert:        serverRootCA,
+				TLSClientCert: clientCert,
+				TLSClientKey:  "client-key-a",
+			},
+			right: externalScalerMetadata{
+				ScalerAddress: "grpc.example:9090",
+				EnableTLS:     true,
+				UnsafeSsl:     false,
+				CaCert:        serverRootCA,
+				TLSClientCert: clientCert,
+				TLSClientKey:  "client-key-a",
+			},
+			wantSame: true,
+		},
+		{
+			name: "different tls mode yields different key",
+			left: externalScalerMetadata{
+				ScalerAddress: "grpc.example:9090",
+			},
+			right: externalScalerMetadata{
+				ScalerAddress: "grpc.example:9090",
+				EnableTLS:     true,
+			},
+			wantSame: false,
+		},
+		{
+			name: "different ca cert yields different key",
+			left: externalScalerMetadata{
+				ScalerAddress: "grpc.example:9090",
+				EnableTLS:     true,
+				CaCert:        serverRootCA,
+			},
+			right: externalScalerMetadata{
+				ScalerAddress: "grpc.example:9090",
+				EnableTLS:     true,
+				CaCert:        "different-ca",
+			},
+			wantSame: false,
+		},
+		{
+			name: "different client cert yields different key",
+			left: externalScalerMetadata{
+				ScalerAddress: "grpc.example:9090",
+				EnableTLS:     true,
+				TLSClientCert: clientCert,
+			},
+			right: externalScalerMetadata{
+				ScalerAddress: "grpc.example:9090",
+				EnableTLS:     true,
+				TLSClientCert: "different-client-cert",
+			},
+			wantSame: false,
+		},
+		{
+			name: "different client key yields different key",
+			left: externalScalerMetadata{
+				ScalerAddress: "grpc.example:9090",
+				EnableTLS:     true,
+				TLSClientKey:  "client-key-a",
+			},
+			right: externalScalerMetadata{
+				ScalerAddress: "grpc.example:9090",
+				EnableTLS:     true,
+				TLSClientKey:  "client-key-b",
+			},
+			wantSame: false,
+		},
+		{
+			name: "different unsafe ssl yields different key",
+			left: externalScalerMetadata{
+				ScalerAddress: "grpc.example:9090",
+				EnableTLS:     true,
+				UnsafeSsl:     false,
+			},
+			right: externalScalerMetadata{
+				ScalerAddress: "grpc.example:9090",
+				EnableTLS:     true,
+				UnsafeSsl:     true,
+			},
+			wantSame: false,
+		},
+	}
+
+	for _, tt := range tests {
+		t.Run(tt.name, func(t *testing.T) {
+			leftKey, err := getConnectionPoolKey(tt.left)
+			if err != nil {
+				t.Fatalf("left key error: %v", err)
+			}
+
+			rightKey, err := getConnectionPoolKey(tt.right)
+			if err != nil {
+				t.Fatalf("right key error: %v", err)
+			}
+
+			if (leftKey == rightKey) != tt.wantSame {
+				t.Fatalf("unexpected key equality: left=%d right=%d wantSame=%t", leftKey, rightKey, tt.wantSame)
+			}
+		})
+	}
+}
+
 func TestExternalPushScaler_Run(t *testing.T) {
 	const serverCount = 5
 	const iterationCount = 500