Gold price dips Rs200 per tola in Pakistan
The gold price in Pakistan slipped by Rs200 per tola to Rs358,100 on Wednesday, tracking a mild pullback in international bullion; silver rose Rs59 per tola.
Staff Report
Gold prices in Pakistan fell on Wednesday, mirroring a mild pullback in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold dropped by Rs200 to settle at Rs358,100 per tola. The 10-gram price decreased by Rs171 to Rs307,013.
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Global bullion prices edge lower
In the international market, gold was quoted at $3,354 per ounce (including a $20 premium), down $2 from the previous day, as per APGJSA figures. Reuters reported spot gold trading around $3,351 per ounce during the day, with prices under slight pressure from a stronger U.S. dollar.
2025 highs in Pakistan’s gold market
Gold prices in Pakistan have seen significant volatility in 2025, driven by changes in global prices and fluctuations in the rupee’s value against the U.S. dollar. In April, prices surged past Rs350,000 per tola for the first time, according to the Express Tribune. Later that month, APGJSA data reported by Business Recorder showed another record high of Rs363,700 per tola, as international prices moved above $3,450 per ounce.
Earlier in March, Dawn recorded gold at Rs314,000 per tola, then the highest on record.
Key factors driving prices
Gold prices in Pakistan are influenced by both international market movements and the rupee-dollar exchange rate. According to Business Recorder’s live gold rates, any change in the global price or the local currency can cause immediate shifts in domestic rates.
Globally, safe-haven demand and expectations of U.S. interest rate cuts have supported high gold prices. Reuters reported that Citi recently raised its three-month gold forecast to $3,500 per ounce, citing a weaker U.S. economic outlook.
Market watchers are monitoring upcoming U.S. inflation data and Federal Reserve policy signals, along with the rupee’s performance. With prices still near historic highs, any major currency or global market shift could quickly alter Pakistan’s gold price trend.Gold Prices Surge in Pakistan Amid Global Rally
