KARACHI – International gold prices plunged for second consecutive session, slipping to their lowest level in more than seven months and falling below the crucial $4,000-per-ounce threshold for the first time since November 2025.
Spot gold dropped 0.4% to $3,985.89 per ounce, while U.S. gold futures for August delivery declined 0.2% to $4,001.60 per ounce. The sharp downturn follows Wednesday’s slide, when gold breached the psychologically important $4,000 per ounce level, signaling mounting pressure on the precious metal.
| Category | Old Price | Current Price | Change |
|---|---|---|---|
| Spot Gold (Global) | ~$4,001.89/oz | $3,985.89/oz | ▼ 0.4% |
| U.S. Gold Futures | ~$4,009.62/oz | $4,001.60/oz | ▼ 0.2% |
| Silver (Global) | ~$57.44/oz | $57.33/oz | ▼ 0.2% |
| Platinum (Global) | ~$1,579.01/oz | $1,575.85/oz | ▼ 0.2% |
| Palladium (Global) | ~$1,166.75/oz | $1,170.25/oz | ▲ 0.3% |
| 24-Karat Gold (Pakistan) | Rs. 442,636 | Rs. 432,236 | ▼ Rs. 10,400 |
| 24-Karat Gold (Pakistan, 10 grams) | Rs. 378,345 | Rs. 368,985 | ▼ Rs. 9,360 |
The drop comes amid sustained decline to stronger US dollar and growing expectations that interest rates will remain elevated, factors that have weakened investor demand for gold.
The weakness extended across the precious metals market, with silver easing 0.2% to $57.33 per ounce and platinum falling 0.2% to $1,575.85 per ounce. Palladium, however, bucked the trend, rising 0.3% to $1,170.25 per ounce.
The global sell-off has already begun to impact Pakistan’s bullion market. According to the All Pakistan Sarafa Association, the price of 24-karat gold dropped by Rs. 10,400 per tola on Monday, bringing it down to Rs. 432,236 per tola. The price of 10 grams of gold also fell by Rs. 9,360 to Rs. 368,985.
With international prices under sustained pressure, market observers believe gold prices in Pakistan could witness further declines in the coming days, potentially offering relief to buyers after months of elevated rates.
