Karachi, May 31, 2025 – Gold prices in Pakistan saw a notable decline on Saturday, as rates fell by Rs1,400 per Tola, driven by a drop in international bullion markets, according to All Pakistan Sarafa Market Association. The new local rate for 24-karat gold now stands at Rs347,200 per Tola, down from the previous closing of Rs348,600 per Tola.
The shift follows a global trend, where gold prices continue to fluctuate amid uncertain economic and geopolitical conditions. Just over a month ago, on April 22, 2025, gold prices had touched an all-time high of Rs363,700 per Tola in Pakistan, reflecting both international market pressures and local demand surges.
In addition to the Tola-based pricing, the cost of 24-karat gold per 10 grams also dropped by Rs1,200. It is now being traded at Rs297,668, compared to Rs298,868 the day before. This consistent drop in gold prices has caught the attention of investors, traders, and jewelers alike.
According to bullion market analysts, the current trend is largely influenced by the global decline in gold prices, which fell by $14 per ounce internationally. The latest figures show that gold closed at $3,288 per ounce in global markets, compared to the previous $3,302. Analysts point to ongoing geopolitical tensions, inflation concerns, and fluctuating dollar strength as key contributors to the volatility.
Despite the decrease, many market watchers suggest this could be a buying opportunity for those looking to invest in gold, especially if prices stabilize in the coming weeks. However, with the market still highly reactive, both investors and consumers are advised to monitor prices closely.
As always, the demand for gold per Tola in the local market remains strong, though it fluctuates based on both global cues and domestic economic indicators.
Stay tuned for more updates on the latest gold prices and market movements.