Karachi, November 4, 2025 – Gold prices in Pakistan witnessed a sharp decline on Tuesday, falling by Rs3,500 per tola, following a downturn in the international bullion market.
According to data released by the All Pakistan Sarafa Gems and Jewelers Association (APSGJA), the price of 24-karat gold dropped to Rs420,362 per tola, compared to Rs423,862 a day earlier. Similarly, the rate of 24-karat gold per 10 grams fell by Rs3,001, settling at Rs360,392 in the local market.
Market analysts said the decline in gold prices was largely influenced by a correction in the global bullion market. On the international front, gold prices dropped by $35 per ounce, closing at $3,980 compared to the previous day’s $4,015.
Experts attributed the volatility to ongoing geopolitical tensions, fluctuating trade policies, and renewed strength in the US dollar, which weighed down gold prices worldwide. Despite the latest dip, prices in Pakistan remain near record highs, with the precious metal having touched an all-time peak of Rs456,900 per tola on October 17, 2025.
Gold traders anticipate continued fluctuations in the coming weeks as investors shift focus toward global inflation trends, interest rate decisions, and the Middle East conflict’s impact on commodity markets.
The local bullion community continues to monitor global price movements closely, advising buyers and investors to remain cautious amid the ongoing market uncertainty.