Gold prices drop in Pakistan after global market fall
Web Desk
17 June, 2025 19:15
Gold Price Increases by Rs1,465 Per Tola in Pakistan
Gold prices in Pakistan dropped sharply on Tuesday, following a decline in international gold rates. This drop brings some relief to local buyers, especially with the wedding season approaching.
According to market reports, the price of 24-karat gold per tola fell by Rs 1,000, bringing the new rate to Rs 361,300. Similarly, the price of 10 grams of gold dropped by Rs 857, now costing Rs 309,756.
Experts say this price fall is mainly due to low demand and a global decrease in gold prices. A local gold trader explained that Pakistan’s gold market closely follows international trends. So, when global prices go down, local rates are adjusted too.
In recent days, the international gold market has been unstable because of a stronger US dollar, ongoing geopolitical tensions, and changing interest rate expectations. These factors have made investors more cautious.
While the lower prices are good news for buyers, especially those shopping for weddings, experts warn that the market could remain unstable in the near future. They suggest keeping an eye on global economic changes, which continue to affect gold prices in Pakistan.
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