Gold Prices Drop Across Pakistan – Latest Rates Updated (Nov 4, 2025)

Gold Prices Drop Across Pakistan once again as the precious metal faces pressure from a stronger U.S. dollar and weakening global demand. On Tuesday, November 4, 2025, the domestic bullion market witnessed a sharp fall of over Rs.3,500 per tola, signaling a clear correction phase after weeks of price stability. Investors and jewellers alike are closely watching market trends as gold prices in Pakistan continue to fluctuate with every shift in international sentiment.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the 24-karat gold rate in Pakistan fell to Rs.420,362 per tola, marking a notable decline compared to the previous day’s Rs.423,862. The 10-gram 24-karat gold price also dropped by Rs.3,001 to Rs.360,392, while 22-karat gold traded around Rs.330,263 per 10 grams. Experts say this downward adjustment reflects the direct impact of international bullion weakness, confirming that Gold Prices Drop Across Pakistan whenever the global dollar index rises sharply.

The trend of Gold Prices Drop Across Pakistan is mainly linked to the strengthening U.S. dollar, reduced hopes of another Federal Reserve rate cut, and declining global demand for safe-haven assets. With international spot gold trading near $3,986 per ounce, down by $11.20, local markets followed suit. Economists suggest the coming weeks may bring more volatility as traders assess new inflation data and Fed policy signals — making Gold Prices Drop Across Pakistan one of the top financial stories of November 2025.

International Market Influence

Gold prices in the global market also registered a slight decline as investors turned cautious amid shifting monetary expectations. Spot gold traded near $3,986 per ounce, down by $11.20 or 0.28% compared to the previous session. Analysts attribute this dip to the strengthening of the U.S. dollar, which reached its three-month high, and reduced speculation of another Federal Reserve rate cut in December 2025.

When the dollar strengthens, it makes gold more expensive for holders of other currencies, thus reducing global demand and lowering prices. As a result, Pakistan’s domestic market mirrored this international downward movement, as gold prices here are directly linked to global market rates through currency exchange fluctuations.

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City-Wise Gold Rates in Pakistan (November 4, 2025)

These rates are compiled from major Sarafa bazaars across Pakistan and may slightly vary depending on local market conditions and dealer margins.

Silver Prices Also Decline

Silver also witnessed a downward trend in the domestic market. The 24-karat silver rate dropped by Rs.130 per tola, now priced at Rs.5,022 per tola, while the 10-gram rate decreased by Rs.112, settling at Rs.4,305.

This decline is consistent with the global commodity slowdown, where both gold and silver often move in parallel trends due to their shared role as safe-haven assets.

Reasons Behind the Fall in Gold Prices

The recent fall in gold prices can be explained by several international and local economic factors:

1. Stronger U.S. Dollar:
   The dollar’s appreciation reduces gold’s attractiveness, as it becomes costlier for foreign investors.
2. Reduced Expectations of Fed Rate Cuts:
   Traders no longer expect the U.S. Federal Reserve to cut rates soon, which keeps bond yields high and pressures gold.
3. Profit-Taking by Investors:
   After recent highs, many investors are booking profits, triggering a short-term sell-off.
4. Improved Global Market Sentiment:
   A calmer global economic outlook has shifted investment from gold to riskier assets such as stocks.
5. Local Currency Stability:
   The Pakistani rupee has remained relatively stable in recent weeks, further limiting gold’s upside potential.

Gold Price Trend in 2025

As the table shows, gold prices have seen a correction of nearly Rs.6,000 per tola from their mid-year peak, indicating a mild bearish trend as 2025 nears its end.

Expert Opinion

Market analysts believe that the correction phase could continue for the next few sessions unless global uncertainties return.
“Gold remains an attractive long-term investment, but short-term volatility is expected due to the dollar’s strong recovery and shifting interest-rate expectations,” said a senior bullion trader from Karachi Sarafa Bazaar.

He added that investors in Pakistan are currently adopting a “wait and watch” approach before re-entering the market, as further drops may create new buying opportunities.

Is It the Right Time to Buy Gold?

Gold buyers and investors are curious whether this price drop signals a good buying opportunity. According to traders, those looking for long-term investment can start accumulating gradually, as prices remain below the annual average.

However, short-term buyers should exercise caution because gold might still fall by Rs.1,000–1,500 per tola in the coming days if global market sentiment remains weak.

Impact on Jewellery Market

Local jewellers report a temporary slowdown in retail buying, as many customers are waiting for prices to stabilize. “Sales have declined slightly, but wedding-season demand usually brings a quick rebound,” noted a Lahore-based goldsmith.

He also mentioned that if gold stays under Rs.420,000 per tola, jewellery demand is expected to increase again, especially with wedding events scheduled during the winter months.

International Market Overview

On the global stage, gold prices have been fluctuating between $3,950 and $4,020 per ounce for the last few weeks. Analysts expect this consolidation phase to continue until new economic data is released by the U.S. Federal Reserve in mid-November.

Additionally, central bank buying of gold remains steady, particularly from Asian economies such as China and India, which continue to view gold as a long-term store of value amid global currency risks.

Future Outlook

Experts forecast that gold may regain upward momentum later in December 2025 if inflationary pressures persist or geopolitical risks intensify. However, for now, most indicators suggest a stable-to-lower price trend in both global and domestic markets.

Pakistan’s gold market, being closely tied to international dynamics and the rupee-dollar exchange rate, will continue to reflect these external influences.

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FAQs – Gold Prices Drop Across Pakistan:

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Conclusion – Gold Prices Drop Across Pakistan

The gold prices in Pakistan dropped sharply on November 4, 2025, following the global market correction triggered by a stronger U.S. dollar and shifting investor sentiment. Despite this decline, gold remains a long-term store of value, and traders believe the current dip may present a buying opportunity for long-term investors.

For daily gold rate updates, accurate charts, and market insights, visit Gold.pk — Pakistan’s most trusted source for live gold and silver rates.