KARACHI, May 3, 2025 – Gold prices in Pakistan continued their downward trend for the third consecutive day, reaching Rs342,200 per Tola. This drop comes as global gold markets remain under pressure due to easing geopolitical tensions and reduced tariff concerns.
On Saturday, the price of 24-karat gold per Tola in Pakistan fell by Rs2,300 compared to the previous day’s rate of Rs344,500. This marks a significant drop from the all-time high of Rs263,700 per Tola recorded in Pakistan on April 22, 2025. Market analysts believe that international trends are playing a key role in influencing gold prices in Pakistan.
Similarly, the price of 24-karat gold per 10 grams decreased by Rs1,972, settling at Rs293,381 from the earlier closing of Rs295,353. Local jewelers and bullion traders have observed a consistent decline in demand, attributing it to fluctuations in the international gold market.
Experts from the bullion market stated that the fall in gold prices in Pakistan is largely due to the easing of tariff conflicts, which has reduced investor demand for safe-haven assets like gold. As global uncertainty fades, investors are shifting their interest to other sectors, causing gold prices worldwide to slide.
In the international market, gold prices dropped by $23, ending the day at $3,240 per ounce compared to the previous close of $3,427. This international dip has directly impacted gold prices in Pakistan, contributing to the local market decline.
Despite the current fall, gold remains a popular investment option in Pakistan, especially in times of inflation and currency instability. However, the ongoing decline in prices has prompted many investors to adopt a wait-and-see approach.
In summary, gold prices in Pakistan have fallen for the third day in a row, driven by global market trends. With the current price at Rs342,200 per Tola, many buyers are closely monitoring the market for further changes. Analysts believe gold prices in Pakistan may continue to fluctuate based on international developments.