Karachi, April 8, 2025 – Gold prices in Pakistan experienced a notable decline on Tuesday, shedding Rs 2,000 per Tola in the local bullion markets. This drop follows a bearish trend in the international markets, driven by uncertainty surrounding former U.S. President Donald Trump’s latest tariff announcements.
According to market data, the gold prices for 24-karat Tola fell to Rs 318,000 from the previous close of Rs 320,000. Just five days ago, on April 3, gold prices in Pakistan had reached an all-time high of Rs 325,500 per Tola, highlighting the recent volatility in the precious metals market.
The 24-karat gold prices per 10 grams also mirrored this decline, dropping by Rs 1,715 to settle at Rs 272,633, down from the last closing rate of Rs 274,348 in the domestic market.
Bullion traders and analysts attributed the sharp decrease in gold prices in Pakistan to global market dynamics. The international price of gold slipped by $28, closing at $3,010 per ounce compared to the previous $3,038. Experts noted that Trump’s aggressive tariff policies have shaken investor confidence, leading to fluctuations in safe-haven assets like gold.
Despite the recent fall, traders remain cautious. They point out that gold prices may continue to react sharply to geopolitical developments and economic signals from the U.S. and China. With the global economy still facing inflationary pressures and currency volatility, the outlook for gold prices remains uncertain.
In Pakistan, where gold is a preferred hedge against inflation and a key component of cultural and wedding traditions, any movement in gold prices significantly impacts consumer sentiment. While the Rs 2,000 per Tola drop may offer a temporary relief to buyers, many are holding off in anticipation of further corrections.
As always, market participants are advised to keep an eye on international trends, currency movements, and political developments, all of which continue to drive the fluctuations in gold prices both globally and in Pakistan.