KARACHI, April 14, 2025 – After hitting an all-time high, gold prices in Pakistan witnessed a notable correction on Monday, retreating by Rs 1,800 per Tola amid ongoing volatility in international markets.
According to market data, the price of 24-karat gold declined to Rs 338,800 per Tola from the previous record of Rs 340,600. This marks a significant dip following a sharp rally that had pushed gold to its highest-ever level in Pakistan. Similarly, the rate for 24-karat gold per 10 grams fell by Rs 1,543, closing at Rs 290,466 compared to Rs 292,009 a day earlier.
Bullion traders and analysts attributed the drop in domestic gold prices to a global correction in the metal’s value. In the international markets, gold prices decreased by $18, closing at $3,218 per ounce, down from the previous level of $3,236. Market observers said the decline was primarily driven by fresh tariffs imposed by the U.S. government, which triggered uncertainty in global commodity markets, including gold.
Experts noted that due to Pakistan’s reliance on imported gold and its pricing being directly linked to global trends, any fluctuations abroad immediately reflect in local prices. The strong correlation between international and domestic rates keeps gold prices in Pakistan highly sensitive to geopolitical and economic developments worldwide.
Despite Monday’s pullback, gold prices remain historically high in Pakistan, driven by factors such as currency depreciation, inflationary pressures, and increased demand as a hedge against economic uncertainty. Jewelers reported slower retail activity following the recent surge in prices, although many investors still view gold as a safe-haven asset.
A bullion market representative in Karachi noted, “This correction in Tola rates is a natural adjustment. With global uncertainty and local economic conditions, gold in Pakistan will likely remain in a volatile zone.”
With gold continuing to play a crucial role in wealth preservation in Pakistan, especially ahead of wedding season, market participants will closely monitor both global developments and local currency trends to anticipate future movements in Tola rates.