KARACHI – Gold prices in Pakistan advanced on Friday, as price per tola moved down by Rs5,000 to Rs351,000 amid persistent economic pressures.
Data shared by Saraffa Association shows price of 24-karat gold per tola plunged by Rs5,000, bringing new rate to Rs351,000, while the price of 10 grams of gold declined by Rs. 4,287, now standing at Rs. 300,925.
Today Gold Rates
| Gold | Price Drop | New Price |
|---|---|---|
| Gold (per tola) | Rs. 5,000 | Rs. 351,000 |
| Gold (10 grams) | Rs. 4,287 | Rs. 300,925 |
Gold Price in Pakistan This Week
| Dates | Price |
| 25-June | Rs354,665 |
| 24-June | Rs354,365 |
| 23-June | Rs358,165 |
| 21-June | Rs358,465 |
| 20-June | Rs357,000 |
| 19-June | Rs358,595 |
| 18-June | Rs359,055 |
This sharp decline in domestic gold prices comes in line with a notable fall in the international bullion market, where the price of gold dropped by $53, settling at $3,290 per ounce.
Market analysts attribute the drop to strengthening global currencies and a shift in investor sentiment, with many turning to alternative investment options.
Gold prices in Pakistan are closely linked to international rates, adjusted for the local currency exchange rate and market demand. The current dip is being seen as a potential buying opportunity for investors and jewelry buyers ahead of the upcoming wedding season.
