Karachi, July 24, 2025 – Gold prices in Pakistan witnessed a significant drop on Thursday, just a day after reaching an all-time high in local markets.
The sudden reversal surprised many traders and investors who had anticipated a continued rally.
According to market data, the gold price for 24-karat per tola fell by Rs5,900, closing at Rs359,000, down from the previous day’s record high of Rs364,900 — the highest-ever recorded in Pakistan. Similarly, the price of 24-karat gold per 10 grams declined by Rs5,058, settling at Rs307,784, compared to Wednesday’s closing of Rs312,842.
Bullion market analysts explained that the steep decline in gold prices was largely influenced by developments in the international market. The global gold rate dropped by $61, bringing it down to $3,363 per ounce from the previous day’s $3,424. This downward movement was attributed to easing regional tensions and uncertainty around new U.S. trade tariffs, which reduced the appeal of gold as a safe-haven asset.
Experts in Pakistan’s bullion market noted that while gold prices have remained elevated over the past few weeks, such corrections are not unusual, especially in highly volatile global economic environments. They added that the domestic gold market often mirrors international trends, and further fluctuations could occur depending on global economic cues and foreign exchange stability in Pakistan.
Investors are advised to watch the international market closely, as upcoming geopolitical developments may further impact local gold prices.