Karachi, December 4, 2025 – Gold prices in Pakistan continued their downward trend on Thursday, marking the third consecutive session of decline as rates dropped by Rs1,700 per tola in the local bullion market. The persistent slide follows sharp volatility in international markets, where global gold rates have been under pressure.
According to the Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola closed at Rs441,462, down from the previous day’s closing of Rs443,162. This consistent dip reflects a broader cooling in domestic bullion demand after prices previously surged to an all-time high of Rs456,900 per tola on October 17, 2025.
Similarly, the price of 24-karat gold per 10 grams also registered a decline of Rs1,457, settling at Rs378,482, compared to Rs379,939 on Wednesday. Market observers note that both retail buyers and investors have adopted a cautious stance amid global uncertainty.
Bullion experts highlight that the downturn in local prices is closely linked to continuing weakness in international gold rates. They explained that global gold markets remained volatile due to ongoing geopolitical tensions, trade-related concerns, and fluctuations in major currencies, all of which have influenced investor sentiment.
In the international market, gold shed $17 per ounce, ending the day at $4,191 compared to the previous close of $4,208. Analysts believe that unless global economic indicators shift, further fluctuations in Pakistan’s gold market may continue.
The domestic bullion market now awaits cues from international developments that could determine the next direction for gold prices.