Gold price falls in Pakistan for the third consecutive day

KARACHI: Gold prices in Pakistan extended declines for a third straight session on Wednesday, tracking weaker international bullion markets and profit-taking after earlier gains, traders said.

The price of 24-karat gold per tola fell by Rs2,500, bringing the new rate to Rs456,962, according to the All-Pakistan Gems and Jewellers Sarafa Association.

The price of 10 grams of 24-karat gold dropped by Rs2,143 to Rs391,771.

Silver prices also eased, with the price per tola falling by Rs212 to Rs7,718.

Domestic bullion markets have seen an aggregate decline of about Rs18,700 per tola over the past three days, following a sharp drop on Tuesday.

On that day, gold prices fell by more than Rs10,000 per tola as global rates weakened sharply.

In global markets, the price of gold eased by about $25 an ounce to $4,346 per ounce, reflecting subdued demand and profit-booking after a strong rally earlier in the year.

Despite the recent downturn, gold has been one of the best-performing assets in Pakistan in 2025, with prices more than doubling from levels seen at the start of the year. A report by Topline Securities showed 10 grams of gold climbed from around Rs233,000 at the beginning of the year to over Rs400,000 by December, while global bullion also surged.

The drop in precious metal prices locally follows broader international trends, where traders pointed to shifts in global economic data, currency movements and repositioning of portfolios ahead of the new year.

Web Desk