Karachi, May 9, 2025 – Gold prices in Pakistan fell sharply on Friday, recording a decline of Rs1,800 per Tola amid weakening trends in the international bullion markets.
The price of 24-karat gold per Tola settled at Rs350,800, down from the previous day’s closing rate of Rs352,700.
The price adjustment follows recent fluctuations in global markets, which have put downward pressure on commodity prices, including gold. Market observers noted that the dip in local gold prices in Pakistan reflects a broader correction phase in international trading, following a temporary surge in April.
On April 22, 2025, gold prices in Pakistan had soared to an all-time high of Rs363,700 per Tola, driven by strong international demand and regional uncertainty. Since then, easing global market tensions and new economic agreements have contributed to a softening in gold prices both internationally and domestically.
In line with the Tola-based decrease, the price of 24-karat gold per 10 grams in Pakistan also declined by Rs1,543, closing at Rs300,840 compared to Rs302,383 a day earlier.
Bullion experts attributed the decline in Pakistan’s gold prices to recent geopolitical and economic developments. A trade pact between the United States and the United Kingdom has helped stabilize commodity prices globally, leading to reduced safe-haven demand for gold. Still, analysts caution that ongoing regional tensions could reignite volatility in the gold market.
Internationally, gold prices slid by $18 per ounce, closing at $3,325 on Friday, down from the previous session’s close of $3,343. The global market’s performance continues to play a pivotal role in determining gold prices in Pakistan, which are closely aligned with international bullion trends.
With gold being a preferred investment and a traditional store of value in Pakistan, especially in the form of Tola bars, any fluctuation in prices significantly impacts consumer sentiment and jewelry trade. While current prices have softened, the situation remains fluid, and any shifts in global conditions could prompt further adjustments in gold prices in Pakistan.