Karachi, June 27, 2025 — Gold prices in Pakistan witnessed a substantial decline on Friday, as rates tumbled by Rs5,000 per Tola amid a broader global correction in the precious metal markets.
The drop follows a continued downward trend in international gold prices due to easing geopolitical tensions and renewed market stability.
According to the All Pakistan Gems and Jewellers Association, the price of 24-karat gold per Tola in Pakistan fell from Thursday’s close of Rs356,000 to Rs351,000. This significant plunge in gold prices marks one of the sharpest single-day declines in recent weeks. The price of 24-karat gold per 10 grams also declined by Rs4,287, settling at Rs300,925 compared to the previous day’s rate of Rs305,212.
The recent drop in gold prices in Pakistan has been attributed to falling international gold rates, which dipped by $53 per ounce. On the global stage, gold closed at $3,290 per ounce, down from $3,343 a day earlier. Market analysts explained that as geopolitical risks across major economies began to subside, investor appetite shifted back to equities and other risk assets, dampening the safe-haven appeal of gold.
Gold prices in Pakistan had reached an all-time high of Rs363,700 per Tola on April 22, 2025. Since then, prices have shown volatility, largely driven by fluctuations in the global markets, shifts in the U.S. dollar, and local economic conditions. The current retreat in gold prices comes as a welcome sign for buyers and investors who had previously stepped back due to record-high rates.
Bullion dealers across Pakistan also reported a temporary uptick in consumer interest following the drop in gold prices. Many customers, especially in Karachi, Lahore, and Islamabad, were seen making inquiries about Tola-based purchases, sensing a possible opportunity to buy at relatively lower levels.
Despite the decline, market experts in Pakistan advise caution, suggesting that gold prices could remain volatile in the short term. However, if current global trends persist, Pakistan may see further adjustments in gold rates, potentially improving accessibility for retail buyers and investors focused on Tola-based savings and investments.