Gold price per tola decreases by Rs300 in Pakistan
Gold Prices Soar Globally, Affecting Local Market in Pakistan
Gold prices in Pakistan have been influenced by a global surge in the precious metal, with the international rate reaching a record high in the first half of 2025.
On Friday, the gold price per tola in the local market reached a significant Rs362,700. However, on Saturday, there was a decrease of Rs300, bringing the price down to Rs362,400.
The international gold rate also saw a decrease, dropping to $3,397 per ounce from its previous level.
Meanwhile, the price of silver per tola decreased by Rs9, settling at Rs4,064. Conversely, 10-gram gold in the local market lost Rs257 on Saturday, with the APGJSA reporting that 10-gram gold was sold at Rs310,699 on that day.
The surge in international gold prices can be attributed to a weaker US dollar, range-bound interest rates, a highly uncertain geo-economic environment, and strong investment demand. Despite a slight pullback on August 14, 2025, gold remains significantly up, trading around $3,335 per troy ounce with expectations to rise further to around $3,550 over the next 12 months.
Pakistan’s gold prices move largely in line with international prices but are influenced additionally by local currency depreciation and import costs, causing domestic prices to rise as global prices rise. Consequently, the international upward trend in gold prices translates into higher gold prices in Pakistan, raising the cost of gold jewelry, investment bars, and coins in the local market.
Various major financial institutions forecast prices for 2025 ranging from approximately $2,700 to $3,900 per ounce, with some projecting strong upward momentum continuing into the latter half of the year and beyond. This international trend significantly affects gold prices in Pakistan, making gold more expensive for consumers and investors in the country.
In summary, international gold prices have surged sharply in 2024-2025, with strong bullish outlooks due to macroeconomic and geopolitical factors. Major banks predict gold prices in 2025 between $2,700 and $3,900 per ounce. Pakistan’s gold prices move largely in line with international prices but are influenced additionally by local currency depreciation and import costs, causing domestic prices to rise as global prices rise. Higher gold prices globally thus translate into higher prices for gold in Pakistan, impacting affordability and demand locally.
- The decrease in the international gold rate did not translate into a decrease in Pakistan's local market, as the price of 10-gram gold actually lost Rs257 on Saturday, indicating that the upward trend in international gold prices continues to impact gold prices in Pakistan.
- The surge in international gold prices has significantly affected the finance industry in Pakistan, as the higher gold prices result in increased costs for gold jewelry, investment bars, and coins, potentially reducing consumer and investor demand in the local market.
