Gold price decline by approximately Rs1,600 in Pakistan, reaching a new low for the tola.
Gold Prices Plummet in Pakistan's Market on Saturday
Say goodbye to gold rush, folks! Gold prices took a nose dive in Pakistan's market over the weekend. On Saturday, the price per tola dipped by a whopping Rs1,600, landing at Rs349,400. If you're a 10-gram gold fan, it set you back Rs299,554 after losing Rs1,371, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Friday was no different, with the price per tola reaching Rs351,000 after a loss of Rs5,000. It looks like the international gold market was moody as well, with the rate taking a hit of $16, settling at approximately $3,274 per ounce (with a $20 premium, thanks for asking).
Meanwhile, silver price per tola stayed put at Rs3,782.
But why the financial festive dip?. Well, partly because geopolitical tensions between Iran and Israel calmed, which meant investors weren't so eager to stash their cash in safe-haven assets like gold. Plus, the mighty greenback strengthened its position, making gold less shiny in comparison. The shifting investor sentiment added fuel to the fire, creating a perfect storm of gold-price-lowering goodness[1][3][5].
So, grab your silver-plated shovels—investors—it looks like we're digging ourselves a hole in the gold market for a bit longer[2][4].
[1] "Gold Prices Drop as Geopolitical Tensions Ease, US Dollar Strengthens: APGJSA". The Express Tribune. Retrieved June 28, 2025.[2] "Gold Plummets in Pakistan: APGJSA Rates and Analysis". Daily Jang. Retrieved June 28, 2025.[3] "Gold Price Drop: Understanding the Recent Decline in Pakistan and Globally". currency.com. Retrieved June 28, 2025.[4] "Gold Rate in Pakistan Forms Bearish Pattern: APGJSA Weekly Analysis". Dawn. Retrieved June 28, 2025.[5] "Gold Price Fluctuations: An Insight into the June 28, 2025 Market". financialexpress.com. Retrieved June 28, 2025.
The drop in gold prices does not seem exclusive to Pakistan, as the international gold market also experienced a decrease, with the rate falling by $16 per ounce. Intriguingly, this downward trend might affect the overall finance industry as investors may shift their focus from gold to silver, given the stability in silver prices.
