Karachi, December 19, 2025 – Gold prices remained volatile in Pakistan on Friday, recording a notable decline as the per tola rate fell by Rs900 in the local bullion markets, reflecting ongoing fluctuations in global prices.
According to the All Pakistan Sarafa Gems and Jewelers Association (APSGJA), the price of 24-karat gold per tola decreased to Rs454,862, compared to Rs455,762 recorded in the previous session. Despite the latest dip, gold prices in Pakistan are still trading near historic highs. The precious metal had touched an all-time peak of Rs456,900 per tola on October 17, 2025.
Similarly, the price of 24-karat gold per 10 grams also moved lower, shedding Rs772 to settle at Rs389,970, down from the previous day’s closing level of Rs396,712 in the domestic market.
Bullion market experts attributed the decline in local gold prices to downward movements in the international market. Analysts noted that persistent geopolitical tensions, along with uncertainty stemming from global trade disputes, have contributed to sharp fluctuations in gold prices worldwide, keeping investors cautious.
In the international bullion market, gold prices slipped by $9 per ounce, closing at $4,325, compared to $4,334 in the previous session. Market observers said that changing expectations around global economic growth, interest rate outlooks, and geopolitical developments continue to influence gold’s short-term direction.
Traders expect gold prices in Pakistan to remain volatile in the coming days, closely tracking movements in the international market and the local exchange rate.