Gold prices in Pakistan dropped by Rs1,300 on Friday, with the price of one tola of gold falling to Rs344,500 after the latest adjustment.
According to data from the Sarafa Association, gold prices have been fluctuating due to ongoing changes in the global precious metals market.
The price of one tola of gold decreased by Rs1,300 to Rs344,500, while the cost of 10 grams dropped by Rs1,114, now standing at Rs295,353.
Here are the latest gold rates:
| Measurement | Change | New Price |
|---|---|---|
| 1 Tola | -Rs. 1,300 | Rs. 344,500 |
| 10 Grams | -Rs. 1,114 | Rs. 295,353 |
For context, this dip follows global trends, where the price of gold fell by $13, bringing it down to $3,263 per ounce.
Market analysts suggest that the drop in prices is linked to global economic factors and fluctuations in the US dollar, with predictions of more volatility in the coming weeks.
In the first quarter of 2025, gold prices in Pakistan surged by Rs70,000, reaching Rs350,000 per tola, largely driven by global demand. By the end of April, the price had increased by Rs20,800, reaching Rs345,800 per tola.
The price of 10 grams also saw a significant rise, and internationally, gold prices climbed by $192 per ounce to $3,276.
Experts attribute the price hikes to economic instability, inflation, and currency shifts, with some forecasts suggesting that gold could exceed Rs400,000 per tola by the end of 2025.