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.
Read also: Gold prices surge in Pakistan following International market rally
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.
