Karachi, June 18, 2025 – Gold prices in Pakistan witnessed a sharp decline on Wednesday, falling by Rs2,245 per Tola, as global markets responded to shifting geopolitical dynamics.
This notable drop in gold prices comes amid some easing of tensions in international bullion markets, although the broader picture remains volatile due to the ongoing Iran-Israel conflict.
In local markets, the gold prices for 24-karat Tola slipped to Rs359,055, down from the previous day’s closing rate of Rs361,300. This marks a significant correction from the record high of Rs363,700 per Tola, reached on April 22, 2025.
Similarly, the gold prices for 24-karat per 10 grams also fell, registering a decline of Rs1,925. The new rate settled at Rs307,831, compared to Tuesday’s close of Rs309,756.
Experts in the local bullion market cited a drop in global gold prices as the primary reason for the decline. In the international market, the price of gold decreased by $20 per ounce, closing at $3,378 as compared to the previous day’s rate of $3,398. They added that while some relief has been seen in the short term, persistent geopolitical instability, especially in the Middle East, continues to keep the precious metal’s trajectory unpredictable.
The fluctuation in gold prices has had a direct impact on trading activity in Pakistan’s local gold markets, where buyers are adopting a wait-and-see approach. The frequent changes in Tola rates have made both investors and jewelers cautious, particularly as the price volatility complicates future planning and purchasing decisions.
Despite the recent decline, traders believe that Tola rates may surge again if the geopolitical tensions escalate or if global demand for safe-haven assets spikes. Until then, gold prices in Pakistan are expected to follow the cues from international trends, with traders watching closely for any developments that may influence Tola valuation in the domestic market.