Karachi, May 14, 2025 – Gold prices in Pakistan witnessed a notable decline on Wednesday, reflecting a downward trend in the international bullion markets. The price of 24-karat gold per Tola dropped by Rs2,300, settling at Rs341,900, compared to the previous day’s rate of Rs344,200. This marks one of the more significant daily decreases in recent weeks.
Similarly, the price of 24-karat gold per 10 grams also recorded a sharp fall, dropping by Rs1,972 to close at Rs293,124, down from Rs295,096 on Tuesday. Market analysts and bullion dealers in Pakistan attributed this decline primarily to a pullback in global gold rates.
In the international market, gold prices dipped by $23 per ounce, closing at $3,235, compared to the previous day’s rate of $3,258. Experts suggest that profit-taking by investors and shifts in global monetary policy expectations have contributed to the dip in international gold demand, which in turn has impacted local prices in Pakistan.
Despite this recent decline, it is worth noting that gold prices in Pakistan reached a historic high of Rs363,700 per Tola on April 22, 2025. Since then, volatility in the international markets has caused frequent fluctuations in domestic prices, keeping investors and jewelry buyers on edge.
Gold remains a preferred asset in Pakistan, especially in times of economic uncertainty and inflation. However, recent changes in global demand and a stronger US dollar have applied downward pressure on gold prices both globally and domestically.
Bullion traders are closely monitoring developments in the international economy, including geopolitical tensions and interest rate outlooks, which continue to influence gold price trends. They anticipate that if the downward pressure persists, further adjustments in Tola rates could be expected in the coming days.
In summary, Wednesday’s Rs2,300 per Tola drop in gold prices in Pakistan reflects ongoing volatility in the global bullion market, with local prices reacting swiftly to international cues. Buyers and investors are advised to stay informed as the market remains highly sensitive to global developments.