Karachi, November 18, 2025 – Pakistan’s bullion market witnessed a sharp downturn on Tuesday as domestic gold prices plunged significantly, reflecting a broader slowdown in international precious metal markets.
According to data released by the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola dropped by Rs7,000, closing at Rs423,662 compared to the previous day’s rate of Rs430,662.
The decline comes only weeks after gold touched an all-time high of Rs456,900 per tola on October 17, 2025, driven earlier by global uncertainty and strong safe-haven demand. The latest correction indicates a shift in market sentiment as global factors continue to influence local pricing trends.
Similarly, the price of 24-karat gold per 10 grams recorded a notable decrease of Rs6,002, settling at Rs363,221 compared to Monday’s closing rate of Rs369,223. Market analysts noted that the consistent fluctuations suggest increased sensitivity in the bullion market to international developments.
Bullion dealers and financial experts attributed Tuesday’s steep drop primarily to a bearish trend in the global gold market. They explained that uncertainties due to ongoing geopolitical tensions, currency market movements, and trade-related concerns have generated volatility, forcing gold prices downward worldwide.
In the international market, gold experienced a sharp dip of $70 per ounce, closing at $4,013, down from $4,083 a day earlier. Analysts say that the global decline is shaping domestic pricing dynamics and may continue affecting Pakistan’s bullion market in the coming days as investors reassess risk and demand patterns.