Karachi, May 2, 2025 – Gold prices in Pakistan dropped sharply by Rs1,300 per Tola on Friday, following a softening trend in global bullion markets.
This latest decline reflects both international price corrections and local market sentiment, which remains highly sensitive to global developments.
The price of 24-karat gold per Tola settled at Rs344,500, down from the previous close of Rs348,800 in the domestic market. Similarly, 24-karat gold rates per 10 grams fell by Rs1,114, closing at Rs295,353, compared to Rs296,467 on Thursday. The sharp movement comes just days after gold prices in Pakistan hit an all-time high of Rs363,700 per Tola on April 22, 2025.
Analysts in the local bullion market attributed the downward shift in gold prices in Pakistan to parallel adjustments in global trading. On Friday, global spot gold dropped by $13 per ounce, settling at $3,263 compared to the previous day’s close of $3,276. Market experts pointed to ongoing global uncertainties, including fluctuating geopolitical risks and new rounds of reciprocal tariffs imposed by the U.S. and other major economies, which have added pressure to precious metals.
Over the past few months, global gold prices have experienced high volatility. After surging in March and April due to geopolitical fears and persistent inflation concerns, the market is now witnessing a pullback as some investors shift focus to interest rate trends and a slightly stronger U.S. dollar. Analysts suggest that this correction may be temporary, particularly if tensions in the Middle East or Eastern Europe reignite safe-haven demand.
In Pakistan, the bullion trade often mirrors global trends but is also impacted by currency exchange rates, demand patterns during festive seasons, and local economic conditions. Despite Friday’s dip, traders note that gold remains a preferred hedge against inflation and economic instability in Pakistan, where investment in precious metals is a popular strategy.
Going forward, both local and global factors will continue to shape gold prices in Pakistan, with many investors keeping a close watch on international monetary policies and geopolitical events.