Saturday, June 28, 2025

Gold prices drop by Rs1,600 per tola for second day in row

KARACHI: Gold prices in Pakistan dropped once again on the last working day of the week, with the per tola rate falling by Rs1,600 to Rs349,400.

Similarly, the price for 10 grams of gold declined by Rs1,371, settling at Rs299,554. This marks the second straight day of a downward trend.

Today’s Gold Rates:

Unit Change New Price
Gold per tola -Rs1,600 Rs349,400
Gold per 10 grams -Rs1,371 Rs299,554

Gold Price Movement This Week:

Date Price
26-June 356,000
25-June 354,665
24-June 354,365
23-June 358,165
21-June 358,465
20-June 357,000
19-June 358,595

From June 19 to 26, gold prices in Pakistan showed modest fluctuations. The rate started at Rs358,595 on June 19 and dipped to its lowest at Rs354,365 on June 24, before slightly rebounding to Rs356,000 on June 26.

While the changes indicate some movement, overall, the trend has remained fairly steady, reflecting minor shifts likely driven by short-term market forces or external economic cues.

On the global front, gold prices also edged lower. The international market rate stood at $3,274 per ounce, inclusive of a $20 premium, reflecting a $16 decrease.

Analysts suggest the drop is linked to a stronger U.S. dollar and reduced geopolitical tension, both of which have weakened gold’s appeal as a safe-haven investment.