Gold price in Pakistan recorded a significant decline on Tuesday, reflecting increased volatility in both domestic and international bullion markets. According to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA), the price of 24-karat gold fell by Rs10,700 per tola, bringing the new rate to Rs459,462 per tola.
The sharp correction comes after recent record highs and highlights ongoing uncertainty driven by global market movements, currency fluctuations, and profit-taking by investors.
Gold Price in Pakistan Today – Latest Rates
The decline was also reflected in per-gram pricing. 24-karat gold per 10 grams dropped by Rs9,174, settling at Rs393,914, while 22-karat gold was quoted lower at Rs361,100 per 10 grams.
This downward movement indicates easing speculative pressure in the local market after sustained bullish momentum over the past several weeks.
Silver Prices Follow Gold Price in Pakistan Trend
Alongside gold, silver prices in Pakistan also witnessed a notable decrease. The price of 24-karat silver fell by Rs145 per tola, closing at Rs7,930, while 10 grams of silver declined by Rs125 to Rs6,798.
The decline in silver prices mirrors the broader trend in precious metals, influenced by global sentiment and reduced demand at elevated price levels.
Gold Price in Pakistan – Daily, Monthly, and Year-to-Date Performance
In day-on-day terms, gold price in Pakistan declined by Rs10,700, marking one of the steepest single-day drops in recent weeks. Despite this correction, gold remains significantly higher over longer periods.
Over the past one month, gold prices have still increased by approximately Rs12,600 per tola, underscoring strong medium-term performance. Since the start of the financial year, gold has gained more than Rs109,000 per tola, while calendar year-to-date gains exceed Rs186,000.
Silver has also shown resilience despite the latest dip, recording gains of nearly Rs2,000 over the past month, over Rs4,100 in FYTD, and approximately Rs4,580 CYTD.
Global Gold Market Impact on Gold Price in Pakistan
Internationally, spot gold traded near $4,369 per ounce, rising by $23.9 or 0.55% during the session. The rebound came after a 14-day slump, largely attributed to year-end profit-taking that had pushed precious metals lower from recent highs.
This recovery in global gold prices may provide short-term support to gold price in Pakistan, although local prices remain sensitive to exchange rate movements and domestic demand dynamics.
Outlook: What’s Next for Gold Price in Pakistan?
Market analysts suggest that while short-term corrections are likely, the broader outlook for gold price in Pakistan remains bullish due to persistent inflation concerns, global economic uncertainty, and continued central bank gold accumulation worldwide.
Investors are advised to closely monitor international gold trends, US dollar movements, and domestic economic indicators before making buying or selling decisions.