Karachi, April 30, 2025 – Gold prices in Pakistan fell sharply on Wednesday, dropping by Rs3,400 per Tola due to a downward trend in the global market.
This significant dip reflects easing tensions in international trade and improved sentiment in the global economy.
In the local market, the price of 24-karat gold per Tola fell to Rs345,800, down from the previous day’s rate of Rs349,200. Just over a week ago, on April 22, gold in Pakistan had reached an all-time high of Rs363,900 per Tola. The recent decline shows how closely Pakistan’s gold rates are linked to global trends.
Similarly, the price of 24-karat gold per 10 grams decreased by Rs2,915, settling at Rs296,467 compared to the previous closing of Rs299,382. Local gold traders and bullion market experts noted that the easing in global gold prices is the main reason behind the fall in Pakistan’s rates.
Experts explained that a softer stance by the United States on global trade tariffs brought some calm to the international commodity markets. As a result, gold prices in the global market dropped by $34 per ounce, closing at $3,276 from the previous rate of $3,310.
Pakistan’s gold market reacts quickly to changes in global gold demand and investor sentiment. The price drop of Rs3,400 per Tola is considered a correction after the recent surge. Analysts believe that if global markets remain stable, gold in Pakistan may continue to see slight declines.
However, gold still remains a popular choice for investors and buyers in Pakistan, especially in times of uncertainty. Even after the drop, the current Tola rate is still much higher than it was earlier this year, showing how global factors continue to influence local pricing.
In the coming days, if the global gold market continues to cool down, Pakistan may see more adjustments in per Tola prices, giving some relief to local buyers and jewelers.