Gold prices fall as per tola rate drops by Rs5,600 in Pakistan

Gold prices in Pakistan extended their downward trend on Tuesday, with the price of the precious metal falling by another Rs5,600 per tola in line with declining international bullion prices.

According to the All Pakistan Gems and Jewellers Association (APGJA), the price of one tola of gold dropped to Rs424,136 after the latest decrease. The continued decline comes a day after the domestic gold market had already recorded a significant fall, reflecting sustained weakness in global prices.

The association also reported that the price of 10 grams of gold fell by Rs4,801, bringing it down to Rs363,628 across local markets.

Internationally, gold prices also remained under pressure. The price of the yellow metal declined by $56 per ounce, settling at $4,017 per ounce in the global bullion market. The drop in international prices directly influenced Pakistan\’s domestic market, where gold rates are adjusted in line with global trends and the rupee-dollar exchange rate.

Gold prices in Pakistan have witnessed notable volatility in recent weeks due to fluctuations in international markets, changing investor sentiment, geopolitical developments, and movements in the US dollar. Local traders closely monitor these factors when determining daily prices.

The recent decline may provide some relief for consumers planning to purchase jewellery or invest in gold, particularly during the ongoing wedding season. However, market analysts caution that precious metal prices could remain volatile as investors continue reacting to global economic conditions and international geopolitical developments.

Jewellers say future price movements will largely depend on trends in the international bullion market, central bank policies, inflation expectations, and demand for safe-haven assets.

Despite the latest decline, gold remains one of the most preferred investment options in Pakistan, serving as a hedge against inflation and currency fluctuations while maintaining strong demand among both investors and jewellery buyers.