Decrease of Rs600 in gold price per tola observed in Pakistan
In the Pakistani market, the price of 24-karat gold per tola saw a significant increase on July 2, 2025, rising from approximately Rs 350,200 on July 1 to around Rs 356,800, marking an increase of Rs 6,600 in just one day [4][5]. The price per 10 grams followed suit, with reports indicating rates of about Rs 303,160 on July 2 [3].
This surge in gold prices in Pakistan is closely linked to fluctuations in the international gold market, as local prices "frequently fluctuate based on international market trends" [1][2]. Therefore, the rising gold prices in Pakistan mirror the upward momentum seen globally, influenced by factors such as demand, geopolitical stability, currency fluctuations, and economic indicators worldwide.
However, the trend reversed on Wednesday, with gold prices in Pakistan decreasing. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the gold price per tola was Rs356,200 on Wednesday, marking a decrease of Rs600 compared to the previous day [6]. The 10-gram gold price also followed suit, decreasing by Rs514, as per the rates shared by the APGJSA on Wednesday [7].
Meanwhile, the international gold rate also saw a decrease on Wednesday, with the rate per ounce standing at $3,342 [8]. Interestingly, the international gold rate had a premium of $20 on Wednesday [9]. The silver price per tola also decreased on Wednesday, with a drop of Rs18 [10].
| Date | Gold Price (24K) per Tola | Change | |------------|---------------------------|--------------| | July 1, 2025 | Rs 350,200 | Baseline | | July 2, 2025 | Rs 356,800 | +Rs 6,600 | | July 3, 2025 | Rs 356,200 | -Rs 600 |
The Pakistani gold market remains highly sensitive to international price movements, indicating a tight correlation between local and global trends [1][2].
The decrease in the international gold rate on Wednesday to $3,342 [8] might be a factor influencing the decrease in gold prices in Pakistan, where the gold price per tola was Rs356,200 on Wednesday [6]. Additionally, the finance industry in Pakistan might observe the impact of this gold price decrease on the overall industry trends, as the price of silver per tola also followed suit, decreasing by Rs18 [10].
