Islamabad, May 13, 2025: Is gold losing its shine in Pakistan? A significant price drop of Rs10,400 per tola in a single day has sent ripples through the bullion market, sparking renewed interest and concern among investors and jewelers alike.
According to the All Pakistan Gems and Jewellers Association, the Gold Rate for 24-karat gold declined sharply on Monday, May 13, bringing the price down to Rs239,000 per tola from the previous Rs249,400. Similarly, the price of 10 grams of 24-karat gold fell by Rs8,915, closing at Rs204,790.
This dramatic fall comes after weeks of rising rates driven by global market uncertainty and currency fluctuations.
Market analysts attribute the sudden decline to a combination of strengthening of the Pakistani rupee and easing global gold prices, which dipped to $2,343 per ounce.
In recent months, local traders have been closely watching international trends, as Pakistan’s gold market remains heavily influenced by shifts in the global bullion trade and currency exchange rates.
“This is the steepest single-day drop we’ve seen in 2024,” said a Karachi-based jeweler. “Many customers are now reconsidering their buying strategy, especially those looking to invest during the wedding season.”
The timing of the drop is noteworthy, especially as Pakistan’s inflation rate shows signs of stabilizing.
Economic experts suggest that the dip in gold prices could bring temporary relief to the local jewelry industry, which has been hit hard by fluctuating demand and volatile pricing.
Meanwhile, silver prices in the local market remained steady, with 24-karat silver closing at Rs2,850 per tola.
Read More: Gold Rate in Pakistan Today – 12 May 2025
The consistent silver rate indicates that the broader precious metals market isn’t facing the same pressure as gold.
This development has stirred public interest, especially among small-scale investors and families planning future purchases.
Should you buy now, or wait for further drops? Financial advisors recommend closely monitoring both local and global indicators before making any investment decisions.
With such a sharp correction, the Gold Rate in Pakistan may witness increased volatility in the coming days.
As always, staying informed and timing your purchases wisely remains key in navigating the evolving dynamics of the precious metals market.
