Karachi, March 8, 2025 – Gold prices in Pakistan witnessed a decline on Saturday, reflecting a significant drop in the international market.
The easing trend in gold rates has provided some relief to buyers after recent record-breaking highs.
According to market reports, the price of gold per tola (24-karat) in Pakistan fell by Rs 1,000, settling at Rs 306,000, compared to the previous day’s closing price of Rs 307,000. Similarly, the price of gold per 10 grams (24-karat) declined by Rs 858, closing at Rs 262,345, down from Rs 263,203 in the local market.
This downturn follows an all-time high when gold prices in Pakistan surged to Rs 309,500 per tola on February 24, 2025. The sharp fluctuations have been primarily driven by movements in the international bullion market, where investor sentiment and global economic trends continue to influence gold valuations.
Experts from the bullion market attribute this latest price drop to increasing volatility in international gold markets. A combination of shifting economic policies, fluctuations in the U.S. dollar, and speculation in commodity trading has impacted the price of gold worldwide.
In the international market, gold prices recorded a decline of $11 per ounce, bringing the latest trading value to $2,910 per ounce, down from the previous close of $2,921 per ounce. The downward trend in the international market has had a direct impact on gold prices in Pakistan, leading to the latest price adjustment.
Analysts suggest that uncertainty in international financial markets, along with shifting interest rates and inflation trends, could continue to influence gold prices in the coming days. Investors are closely monitoring global economic developments to determine future movements in the gold market.
Despite the recent decline, gold remains a preferred asset for investors looking to hedge against inflation and currency devaluation. However, market participants are advised to stay updated on international trends and local market conditions before making investment decisions in gold.
With ongoing fluctuations in the international market, experts predict that gold prices in Pakistan will remain sensitive to global economic trends, making it crucial for buyers and investors to track developments closely.