Karachi, March 6, 2025 – The gold prices in Pakistan recorded a sharp decline on Thursday, dropping by Rs 3,000 per tola due to a slump in the international bullion market.
This downturn follows global trends, impacting local markets significantly.
According to market reports, the gold prices for 24-karat per tola in Pakistan settled at Rs 304,000, compared to the previous day’s Rs 307,000. Similarly, the gold prices for 24-karat per 10 grams fell by Rs 2,571, closing at Rs 260,630, down from Rs 263,203 recorded a day earlier.
Gold Prices in Pakistan Hit Record Levels Before Decline
Despite the recent dip, gold prices in Pakistan reached an all-time high of Rs 309,500 per tola on February 24, 2025, driven by strong global demand and currency fluctuations. However, with international markets experiencing a correction, local gold prices have also adjusted accordingly.
Why Did Gold Prices Drop?
Experts in the bullion market have attributed this decline in Pakistan’s gold prices to the downturn in international gold rates. On Thursday, the gold prices in the global market fell by $28 per ounce, closing at $2,893, down from the previous day’s $2,921 per ounce.
Market analysts suggest that the drop in international gold prices may be linked to:
• Strengthening of the US dollar, making gold less attractive for investors.
• Anticipation of possible interest rate hikes by major economies, reducing the appeal of gold as a safe-haven asset.
• Profit-taking by investors after recent record-high gold prices.
Pakistan’s Gold Market Outlook
Despite the recent decline, investors remain keenly focused on Pakistan’s gold prices, as fluctuations in global markets continue to influence local rates. Traders believe that future trends will depend on:
• The movement of gold prices in international markets.
• The exchange rate of the Pakistani Rupee against the US dollar.
• The demand for gold in the local market amid economic uncertainties.
With Pakistan’s gold prices adjusting to global shifts, market participants are closely monitoring developments to anticipate further changes in gold prices in the coming days.