Karachi, June 28, 2025 – Gold prices in Pakistan dropped for the second consecutive day on Saturday, tracking a downward trend in international bullion markets. This decline reflects shifting investor sentiment and easing geopolitical tensions, particularly after the ceasefire agreement between Iran and Israel.
According to data released by local bullion markets, the gold prices for 24-karat per tola fell by Rs1,600, closing at Rs349,600 compared to the previous day’s rate of Rs351,200. Similarly, the gold prices for 24-karat per 10 grams dropped by Rs1,371, closing at Rs299,554 against Friday’s value of Rs300,925.
Analysts attributed the fall in gold prices in Pakistan to a broader cooling-off in global markets. They noted that financial and commodity markets, including precious metals, have shown signs of stabilization following recent geopolitical developments in the Middle East. With the Iran-Israel ceasefire easing regional uncertainty, investors have shifted focus from safe-haven assets like gold to risk-based instruments, causing gold prices to slide.
In the international market, gold prices also witnessed a decline of $16 per ounce, settling at $3,274, down from the previous closing of $3,290. This global movement directly influenced domestic gold prices in Pakistan, which often mirror international fluctuations.
Despite the recent dip, gold prices in Pakistan remain significantly high compared to earlier this year. The local market hit an all-time high of Rs363,700 per tola on April 22, 2025. However, with easing tensions and a relatively stable economic outlook, experts predict gold prices in Pakistan may continue to decline in the short term, barring any sudden global shocks.
Market watchers advise local investors in Pakistan to closely monitor both domestic and global trends before making decisions related to gold. As gold prices remain volatile, particularly in times of shifting geopolitical dynamics, Pakistan’s bullion traders are expected to stay cautious in the upcoming sessions.
Going forward, fluctuations in currency exchange rates, central bank policies, and inflation data will also play a critical role in shaping gold prices in Pakistan.