Karachi, February 12, 2025 – The bullion market witnessed a notable drop in gold prices on Wednesday, as rates fell by Rs 1,600 per tola in Pakistan, mirroring a downward trend in international markets.
The price of 24-karat gold per tola declined to Rs 301,500 from the previous day’s record high of Rs 303,100 in domestic bullion trading. Similarly, the price of 24-karat gold per 10 grams dropped by Rs 1,372, settling at Rs 258,487 from the prior day’s closing of Rs 259,859.
Experts in the bullion market linked this price decline to easing global gold rates. Internationally, gold prices fell by $16, bringing the price per ounce down to $2,888 from the previous day’s close of $2,904. This decrease had a direct impact on the local bullion market, leading to reduced prices for gold traders and investors in Pakistan.
The bullion market has remained highly sensitive to global economic trends, with fluctuations driven by international demand, inflation concerns, and central bank policies. Analysts pointed out that a strengthened US dollar and shifting investor sentiment contributed to the bearish trend in global bullion prices, which consequently affected the local market.
Despite the recent decline, bullion remains a key investment avenue in Pakistan, attracting investors looking for a hedge against economic uncertainty. Market observers suggest that any renewed surge in global gold prices could once again push bullion rates higher in the coming days.
Gold traders in Pakistan continue to monitor global bullion trends closely, as international market movements play a crucial role in determining local price levels. Investors are advised to stay informed on potential shifts in global bullion demand and supply dynamics to make well-informed decisions regarding their holdings.
As the bullion market evolves, fluctuations in prices are expected to persist, making it essential for traders and investors to keep a close watch on international and domestic factors influencing gold rates.