Karachi, April 28, 2025 – Gold prices in Pakistan experienced a significant drop of Rs1,600 per Tola on Monday, following a decline in global market values.
The price of 24-karat gold per Tola fell to Rs347,100, down from the previous closing price of Rs348,700 in the local markets. This drop comes after gold prices in Pakistan hit a record high of Rs263,700 per Tola just a week earlier on April 22, 2025.
The prices of 24-karat gold also decreased by Rs1,368 per 10 grams, bringing it down to Rs297,582, compared to the previous closing of Rs298,950 in the domestic markets. This shift highlights a continued trend of volatility in gold prices in Pakistan, influenced by fluctuations in the global commodity markets.
Analysts in the bullion market attributed the drop in Pakistan’s gold prices to the ongoing decline in global markets. They explained that the global gold market remains highly volatile due to economic uncertainties and shifting investor sentiments, which have affected prices worldwide. As a result, the gold prices in Pakistan have followed suit, reflecting the broader global decline.
Globally, the price of gold saw a reduction of $16 per ounce, closing at $3,289 from its last price of $3,305 in the international markets. This decline in global gold prices is primarily driven by shifting market dynamics, including changes in currency values and broader economic concerns, which have impacted investor confidence in the yellow metal.
Despite this reduction, gold continues to be seen as a safe-haven investment in uncertain times. However, the fluctuations in global gold prices have made it challenging for buyers in Pakistan to predict price trends. Local gold traders and investors are closely monitoring the situation, as the global market continues to influence gold prices both globally and in Pakistan.
For now, the local gold prices in Pakistan are expected to remain responsive to these global trends, with further fluctuations likely as global economic conditions evolve.