Gold Prices in Pakistan Drop Again — Per Tola Falls by Rs. 2,000 Amid Global Decline

Gold Prices in Pakistan Drop Again as the local bullion market continues to mirror the global decline, marking the second consecutive day of price reduction. The downward trend comes right after weeks of record-breaking highs that pushed rates to unprecedented levels, giving some relief to cautious buyers and traders across the country.

According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold per tola has fallen by Rs. 2,000, settling at Rs. 431,862 on Friday. Similarly, the 10-gram rate dropped by Rs. 1,714, closing at Rs. 370,252. This decline follows Thursday’s sharp dip of Rs. 3,500 per tola, signaling a sustained cooling phase in the precious-metal market.

Analysts say Gold Prices in Pakistan Drop Again mainly due to weaker international rates, a slightly stronger Pakistani Rupee, and cautious investor sentiment ahead of key U.S. inflation data. With back-to-back losses totaling Rs. 5,500 per tola in just two days, experts believe the local gold market is undergoing a technical correction after months of bullish momentum.

Gold Prices Drop Rs. 2,000 Per Tola in Domestic Market

According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold per tola decreased by Rs. 2,000, settling at Rs. 431,862 on Friday. The 10-gram rate also dropped by Rs. 1,714, closing at Rs. 370,252.

This decline comes right after Thursday’s reduction of Rs. 3,500 per tola, meaning that in just two days, gold has fallen by Rs. 5,500.

Traders say the sudden drop is mainly due to global price adjustments and a marginal strengthening of the Pakistani Rupee against the U.S. dollar.

Silver Prices Also Slide

Silver prices followed gold’s lead, dropping by Rs. 43 per tola to reach Rs. 5,067.
According to APGJSA data, silver has also been under pressure due to subdued investor demand and falling global precious metal prices.

Check Also: Today Gold Rate in Pakistan 24 October 2025 — Latest Per Tola & Gram Prices

International Market Reflects Similar Weakness

In the international market, gold prices also declined. The global rate stood at $4,095 per ounce (including a $20 premium), reflecting a $20 loss from the previous session.
Analysts attribute the fall to a stronger U.S. dollar, profit-taking by investors, and market caution ahead of the U.S. inflation report.

At 03:15 GMT, spot gold was reported at $4,118.68 per ounce, while U.S. gold futures for December delivery dropped 0.3% to $4,133.40 per ounce.
The international market’s trend suggests that gold may record its first weekly decline in 10 weeks, a sign of consolidation after a long bullish run.

Biggest Weekly Drop Since October 2025

Gold is on track for its largest weekly percentage fall since October 2025, dropping nearly 3% in a single week. Market watchers say this dip is not unexpected. After consistent gains throughout the past two months, the market is naturally undergoing a technical correction.

A senior trader in Karachi’s bullion market commented that many local investors had already taken profits last week when gold peaked near Rs. 437,000 per tola, leading to lighter demand this week.

Factors Behind the Price Drop

Experts point out several factors driving the decline in Pakistan’s gold rates:

• Global Market Correction: After weeks of bullish movement, the international gold market is cooling down.
• Stronger Pakistani Rupee: A small appreciation against the dollar has reduced local gold prices.
• Reduced Domestic Demand: Fewer buyers are entering the market at current high price levels.
• Profit-Taking: Investors who bought earlier are now liquidating holdings to secure profits.
• U.S. Dollar Strength: A rising dollar usually pressures gold prices globally.

Check Also: Gold Rate Today Lahore – Latest Per Tola & Gram Prices 24 October 2025

Two-Day Summary of Gold Prices in Pakistan

Source: APGJSA (All-Pakistan Gems & Jewellers Sarafa Association)

Investor Sentiment Turns Cautious

After months of record highs, investors are now more cautious.
Financial analysts note that short-term traders are exiting positions, while long-term investors are watching inflation trends and central bank moves before re-entering the market.

Globally, gold remains under pressure from the Federal Reserve’s upcoming inflation data, which could decide whether U.S. interest rates will stay elevated or begin to ease.

If inflation remains moderate, the Fed is unlikely to cut rates soon — a development that typically limits gold’s appeal as a non-yielding asset.

Impact on Local Market & Buyers

In Pakistan, jewelers report a decline in foot traffic. Buyers are waiting to see if the downward trend continues before making purchases, especially ahead of the winter wedding season, when jewelry demand usually spikes.

Many gold retailers across Lahore, Karachi, and Rawalpindi confirmed that the recent drop has encouraged some inquiries, but serious buying is still limited.

Meanwhile, small investors who had been priced out during the last surge are closely monitoring rates to re-enter at lower levels.

Check Also: Gold Price Forecast Pakistan – Will Gold Rise in November 2025?

Expert Opinions on Future Trend

Economists and market analysts believe that gold may stabilize near current levels unless there’s a major shift in global inflation data.
They caution, however, that the current decline doesn’t signal a long-term crash — gold is still one of the most sought-after safe-haven assets during uncertain times.

What Buyers Should Do Now

Experts suggest that those planning to buy gold for weddings or investment should watch international indicators before making big purchases.
If the global price stabilizes around $4,000–$4,100 per ounce, local rates may remain within Rs. 430,000–Rs. 435,000 per tola in the coming week.

For investors, this could be a reasonable entry level for long-term holdings, provided they are ready to withstand short-term volatility.

Check Also: Today Gold Price in Pakistan – 24K & 22K Rate Per Tola and Gram (Updated October 2025)

FAQs About Gold Prices in Pakistan:

Conclusion – Gold Prices in Pakistan Drop Again

Gold prices in Pakistan are witnessing a much-needed cooling phase after record highs earlier this month. While short-term fluctuations are likely to continue, long-term fundamentals still favor gold as a safe investment asset amid global uncertainty.

For now, traders and consumers alike are advised to stay alert, as upcoming U.S. economic data could quickly change the price direction once again.