“Massive Drop: Gold Price Falls by Rs 3,500 per Tola in Pakistan”
Karachi, November 4, 2025 —
The price of gold in Pakistan plunged significantly today as domestic rates mirrored the weakness in global bullion markets. According to data from the All‑Pakistan Gems & Jewellers Sarafa Association (APGJSA), 24-karat gold per tola dropped by Rs 3,500, falling to Rs 420,362 from Rs 423,862 recorded the previous day.
Meanwhile, the price for 10 grams of 24-karat gold also fell by Rs 3,001 to reach Rs 360,392. The 10-gram price of 22-karat gold dropped by Rs 2,859 to Rs 330,263.
What’s Driving the Drop
Industry sources attribute the price slide to a few key factors:
A stronger U.S. dollar has put pressure on global gold prices, making bullion more expensive in terms of other currencies.
Reduced expectations of a fresh interest-rate cut by the Federal Reserve contributed to lower bullion demand.
International spot gold prices dipped to around US $3,980 per ounce — reflecting broader market softness.
Impact on Market and Consumers
The drop offers a short-term relief for jewellery buyers and those looking to invest in gold at lower rates.
For gold sellers and traders, the decline may put margin pressure and could affect inventory valuations.
Some analysts warn that if the dollar remains strong or global conditions deteriorate further, domestic gold prices might continue to fluctuate rather than stabilise immediately.
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What to Watch
Dollar-PKR exchange rate: Any further strengthening of the USD versus the Pakistani rupee could cause additional pressure on gold prices locally.
Global economic data: Upcoming inflation reports, central-bank signals, or geopolitical developments could swing investor sentiment back toward or away from gold.
Local demand patterns: Festivals, weddings and seasonal buying can raise demand for gold, which may offset price drops temporarily.
