Karachi, June 19, 2025 – Gold prices witnessed a downward correction in Pakistan on Thursday, falling for the second consecutive session amid ongoing fluctuations in international markets and geopolitical uncertainties.
According to local bullion market data, the price of 24-karat gold dropped by Rs460 per tola, closing at Rs358,595, compared to the previous day’s rate of Rs359,055. Similarly, the price of 24-karat gold per 10 grams declined to Rs307,439 from Rs307,831, reflecting a modest dip in domestic rates.
Despite the recent dip, gold prices in Pakistan remain relatively elevated. It is worth noting that the precious metal hit an all-time high of Rs363,700 per tola on April 22, 2025. The ongoing conflict in the Middle East—particularly between Iran and Israel—has significantly influenced international gold prices and, in turn, impacted bullion trends in Pakistan.
Experts in Pakistan’s bullion market said the marginal drop in gold prices reflects the uncertainty prevailing in global markets. Geopolitical instability has driven investors toward safe-haven assets such as gold in recent months, although short-term fluctuations remain frequent due to speculative activity and shifting demand patterns.
In the global arena, gold prices dropped by $6 per ounce on Thursday, closing at $3,372 from the previous session’s $3,378. Traders pointed out that while global demand for gold remains strong, momentary dips are common as investors respond to changes in dollar strength, interest rates, and oil prices—factors that also indirectly affect gold prices in Pakistan.
Pakistan’s domestic gold trade remains sensitive to changes in international markets, but it is also influenced by the strength of the Pakistani rupee and local demand patterns, especially during wedding and festive seasons. With uncertainty continuing to loom over global markets, analysts in Pakistan predict that gold prices may remain volatile in the coming weeks.
While today’s drop offers some relief to buyers, it is unlikely to signal a long-term downtrend, as Pakistan’s gold market remains closely tied to global dynamics and domestic economic conditions.