Karachi, January 18, 2025 – Gold prices in Pakistan experienced a slight decline on Saturday, with the rate per tola easing to Rs 282,400 due to a softening trend in international markets.
The price of 24-karat gold per tola dropped by Rs 200 compared to the previous day’s closing value of Rs 282,600 in local markets. Similarly, the price of 24-karat gold per 10 grams also fell by Rs 170, settling at Rs 242,112, down from Rs 242,283 recorded on Friday. Despite this decline, gold remains a significant commodity for investors and households alike, reflecting its continued importance in Pakistan’s economic landscape.
It is worth noting that Pakistan’s gold prices previously reached an all-time high of Rs 287,900 per tola on October 30, 2024. This historical peak was attributed to heightened demand amid global economic uncertainties and a depreciating rupee.
According to bullion market analysts, Saturday’s decline is largely attributed to minor corrections in international gold prices. The global price of gold saw a modest reduction of $2 per ounce, closing at $2,703 compared to the previous day’s rate of $2,705. Such nominal fluctuations in the global market continue to influence domestic pricing trends, as Pakistan’s gold prices are directly linked to international market movements and exchange rate dynamics.
Experts believe that despite these small price adjustments, gold remains an attractive investment for individuals seeking a hedge against inflation and currency devaluation. However, fluctuations in the international market and local currency volatility continue to play a pivotal role in determining domestic gold prices.
As Pakistan’s economic challenges persist, gold remains a preferred asset for wealth preservation among investors. The stability of gold prices in the coming weeks will depend on developments in international markets, the U.S. Federal Reserve’s monetary policies, and local economic conditions.
For now, consumers and investors in Pakistan may find the slight dip in gold prices a temporary relief, offering an opportunity to invest at marginally lower rates.