Gold prices in Pakistan have dropped Rs 2600 per Tola after a consecutive rise in prices over the last several days.
According to the Market, on the first day of the business week, the price of gold per tola fell by Rs 2,600.
In the global market, gold per ounce fell by $ 26 to $ 3,331.
According to data released by the All Pakistan Saraf and Jewellers Association, the price of 24-carat gold per tola in Pakistan has decreased by Rs 2,600 to Rs 351,500.
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On the other hand, the price of ten grams of gold has also decreased by Rs 2,228 to Rs 301,354.
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Gold prices in Pakistan witnessed a sharp rebound today on May 23, reversing the previous day’s decline and highlighting the ongoing volatility in the bullion market. According to the All Pakistan Gems and Jewellers, the price of one tola of gold (approximately 11.66 grams) jumped by Rs3,500, reaching Rs351,000.
Likewise, the price of 10 grams of gold rose by Rs3,000, now standing at Rs300,925. This surge follows a Rs1,900 drop just a day earlier, when the price per tola had fallen to Rs347,500.
On the international front, gold prices climbed by $35 per ounce, bringing the global rate to $3,326. Analysts attribute the sharp rebound to a mix of global uncertainty, currency fluctuations, and increased investor demand for safe-haven assets such as gold.
The rapid movement in gold prices reflects the market’s sensitivity to both domestic economic conditions and international developments. With upcoming budget announcements and ongoing geopolitical tensions, jewellers and investors are preparing for continued volatility in the near term.
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The price of 24-karat gold per tola fell by Rs. 2,300 on Wednesday in Pakistan, now selling at Rs. 341,900 compared to Rs. 344,200 on the previous trading day, according to the All Pakistan Sarafa Gems and Jewellers Association.
The price for 10 grams of 24-karat gold also dropped by Rs. 1,972, now at Rs. 293,124, down from Rs. 295,096. Similarly, the cost of 10 grams of 22-karat gold decreased by Rs. 1,808, bringing it to Rs. 268,706 from Rs. 270,514.
The prices of per tola and ten grams of silver remained unchanged, both closing at Rs. 3,482 and Rs. 2,985, respectively.
In the international market, gold prices fell by $23, from $3,258 to $3,235, while silver prices stayed steady at $33.00, as reported by the Association.
Conversely, the price of 24-karat gold in Saudi Arabia saw a slight decline, recorded at 4,571 SAR per tola on Wednesday, May 14, 2025. According to Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is currently valued at SAR 3,923, with an ounce of gold priced at 12,202 Saudi Riyals.
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Gold prices in all markets are influenced by global economic dynamics, with the latest updates noted at 10:00 a.m. on May 14, 2025.
For centuries, gold has held a prestigious position in the global economy, valued for its rarity, durability, and enduring appeal. It is widely recognised as a safe-haven asset, providing financial protection during times of economic uncertainty.
Both investors and central banks maintain gold reserves to diversify their holdings and protect against inflation and currency fluctuations.
Several factors influence gold’s value. Geopolitical tensions and fears of economic downturns often lead to increased demand due to gold’s reputation as a secure investment. Additionally, as a non-interest-bearing asset, gold typically performs well when interest rates decline, while rising borrowing costs can exert downward pressure on its price.
