Karachi, February 28, 2025 – The gold prices in Pakistan saw a sharp decline on Saturday, falling significantly to Rs 300,500 per Tola due to a global downturn in gold rates.
The sudden drop has garnered attention from investors and traders across the country.
The gold price for 24-karat per Tola fell by Rs 2,500 from the previous day’s closing rate of Rs 303,500 in the local bullion markets. Pakistan witnessed an all-time high in gold prices at Rs 309,500 per Tola on February 24, 2025. Since that peak, gold prices have recorded a cumulative decline of Rs 9,000 per Tola, impacting traders and jewelry buyers alike.
Similarly, the gold price for 24-karat per 10 grams dropped by Rs 2,143, bringing it down to Rs 257,639 from the previous day’s closing price of Rs 259,773. The persistent fluctuations in gold prices in Pakistan have made investors cautious, with many closely monitoring international market trends before making purchasing decisions.
Market analysts attributed the ongoing decline in gold prices to significant corrections in global bullion markets. The international price of gold fell by $24 per ounce, settling at $2,863 from the previous day’s closing of $2,887. The drop in international gold rates directly impacted the local gold market, leading to the substantial reduction in Tola prices across Pakistan.
Experts believe that the volatility in the gold market is influenced by multiple global economic factors, including currency fluctuations and shifts in investor sentiment. Pakistan’s bullion traders anticipate that if the international gold rates continue to decline, further drops in Tola prices in Pakistan can be expected.
Despite the price drop, gold remains a preferred investment option in Pakistan, with many viewing it as a hedge against inflation. As gold prices continue to fluctuate, traders and buyers alike will need to stay informed about the latest trends to make well-informed decisions regarding gold purchases. If the global market stabilizes, Pakistan’s gold prices could see adjustments in the coming days, affecting the overall demand for the precious metal.