Tag: gold price

Gold and silver prices went up again on Wednesday, continuing an upward trend seen in both international and local markets.

In the international market, gold rose sharply by $148 per ounce, reaching $5,064.

The increase was reflected in the Pakistani market where the price of gold per tola went up by Rs14,800 to Rs529,162. Similarly, the price of 10 grams of gold increased by Rs12,689 to Rs453,671.

Silver also gained in value. In the local market, silver per tola rose by Rs109 to Rs9,255, and per 10 grams increased by Rs93 to Rs7,934.

Spot gold also jumped 2.8% to $5,076.01 per ounce, following a 5.9% surge on Tuesday, which was its biggest daily gain since November 2008. Gold also touched a record high of $5,594.82 last Thursday.

Meanwhile, US gold futures for April delivery climbed 3.3% to $5,097.20 per ounce. Spot silver also rose 5% to $89.38 per ounce, after reaching a record high of $121.64 last Thursday and dropping to a month-low of $71.33 on Monday.

On Tuesday, gold prices rebounded sharply, tracking a strong recovery in the international bullion market after several sessions of steep losses that had rattled investors and traders.

Locally, gold per tola jumped Rs24,000 to Rs 514,362, and 10 grams of gold rose Rs20,576 to Rs 440,982, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The rise came after a steep decline on Monday, when gold per tola had dropped Rs21,500 to Rs490,362. Over the previous three sessions, gold also lost Rs85,500 per tola, reflecting high volatility in global markets.

Gold prices in Pakistan fell on Monday following a decline in the international market.

The price of gold per tola dropped by Rs5,500 to reach Rs470,162, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Ten-gram gold also saw a decrease, trading at Rs403,088 after falling by Rs4,715. On Saturday, the price per tola had reached Rs475,662 after gaining Rs2,300 during the day.

The decline in local gold rates mirrored the international market, where the price of gold dropped by $55 to $4,478 per ounce, with a premium of $20.

Silver prices also saw a decrease on Monday, falling by Rs332 to reach Rs8,075 per tola.

Gold prices surged to an all-time high of $4,383.76 per ounce in early trading, eclipsing its previous peak of $4,381.52 set in October. The rally follows a series of US economic data releases last week that strengthened expectations of further monetary easing by the Federal Reserve.

Spot silver also soared high, rising 2.7 percent to a historic $69.23 per ounce, marking another milestone in a year of unprecedented gains.

So far in 2025, gold has climbed 67 percent, breaking multiple records, including the $3,000 and $4,000 per-ounce thresholds for the first time. Silver has outperformed gold spectacularly, surging 138 percent year-to-date, fueled by strong investment demand and ongoing supply constraints.

“With December typically delivering positive returns for gold and silver, seasonality is working in their favour,” said Matt Simpson, senior analyst at StoneX. “However, with gold already up about 4 percent this month and year-end approaching, lower trading volumes could increase the risk of profit-taking.”

The price surge has been bolstered by gold’s longstanding reputation as a safe-haven asset in the face of geopolitical and trade uncertainties, consistent purchases by central banks, and expectations for reduced US interest rates in 2026. A weaker US dollar has also contributed to rising prices by making gold more accessible for international buyers.

Markets are currently pricing in two US interest rate cuts next year, despite the Fed maintaining a cautious stance. Non-yielding assets such as gold typically benefit in a lower interest rate environment. Simpson added that expectations of additional rate cuts, coupled with a slower US employment growth and a more dovish Fed, could further propel gold prices.

In other areas of the precious metals market, platinum rose by 4.1 percent to $2,054.25 per ounce, reaching its highest point in over 17 years, while palladium gained 4 percent to $1,781.32, nearing a three-year peak.

Gold prices dropped in Pakistan on Tuesday, mirroring the decline in international markets where the precious metal slid more than one percent as investors booked profits after hitting a six-week high in the previous session.

In global trading, spot gold slipped 1.4 percent to $4,173.91 per ounce by 11:09 am ET (1609 GMT). In anticipation of the US Federal Reserve’s policy meeting next week, traders are currently awaiting important US economic figures.

Local market followed the same trend. According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of gold per tola fell by Rs2,700 to Rs444,162, while 10-gram gold dropped Rs2,315 to Rs380,797.

A day earlier, prices had climbed to Rs446,862 per tola after gaining Rs2,700. Silver also edged lower, losing Rs41 to settle at Rs6,004 per tola.


Adnan Agar, Director at Interactive Commodities, described the movement as a moderate correction. He said gold touched a high of $4,230 and a low of $4,163 during the session before trading around $4,191. He added that upcoming US economic releases over the next several days would shape the market’s direction.

Agar noted that gold still has “strong downside support around $4,140 and $4,100, and unless these levels are breached, the market is likely to remain biased to the upside.”

Analysts believe that US labour and inflation figures will play a crucial part in establishing expectations around the Federal Reserve’s next move, which could influence gold’s short-term trend.

The Pakistani rupee saw a 0.01 percent increase in value against the US dollar on the currency market, closing at 280.47, compared to Monday’s rate of 280.51.

Globally, the US dollar weakened further after soft manufacturing data added to speculation that the Federal Reserve may cut interest rates later this month. The US dollar index slipped to 99.408 at the start of Asian trading, extending a seven-day losing streak and touching a two-week low during Monday’s US session.

Data released Monday showed US manufacturing contracted for the ninth straight month, with the ISM manufacturing PMI dropping to 48.2 in November from 48.7 in October. New orders and employment indicators also fell, while input costs increased due to tariff pressure.

According to CME Group’s FedWatch tool, traders now estimate an 88 percent chance of a 25-basis-point rate drop at the Fed’s December 10 meeting up from 63 percent a month earlier.

Oil prices remained largely stable on Tuesday as markets assessed concerns associated to Ukrainian drone strikes on Russian energy facilities and escalating tensions between the US and Venezuela.

Mimicking movements in the international market, gold prices in Pakistan held steady on Wednesday. According to reports, easing tensions in the Middle East weakened the yellow metal’s appeal as a safe haven asset.

Historically, gold has been perceived as a credible store of value and investors typically flock to it during periods of political or economic turmoil. However, with fears surrounding a possible escalation between Iran and Israel now cooling off, both global and domestic prices have stabilized.

In the domestic market, gold prices registered only a slight increase. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of one tola 24k gold rose by Rs300, bringing the rate to Rs354,665 per tola. The price of 10-gram gold also edged up by Rs258 causing 10-gram rates to settle at Rs304,068. 

Reports indicate that the rise in gold rates comes after a sharp drop on Tuesday, when prices plunged by Rs3,800 per tola. A director at a reputable commodities institution outlined how international prices on Wednesday fluctuated between a low of $3,311 per troy ounce and a high of $3,337 troy ounce. 

Moreover, the director highlighted that “the overall sentiment was weak”. Analysts have pointed out how gold may record a further drop if it dips below the $3,290 per troy ounce support level.

As per reports, the short term outlook for gold has turned bearish, largely due to the reduction in geopolitical risk. However, a minor rebound could be witnessed once the correction levels settle.

The decline in gold prices came alongside a drop in oil prices, which also responded to easing geopolitical tension. With Israel appearing to accept a ceasefire proposal and no immediate signs of escalation from either belligerent countries, risk premiums on both gold and oil have thinned.

The 12-day Iran-Israel conflict drove oil prices to a five-month high. Gold prices also experienced a sharp hike following initial strikes on June 12.  The hike in global oil prices detrimentally impacted the global economy, causing capital markets across the region to take a hit, including the Pakistan Stock Exchange (PSX).

Meanwhile, the Pakistani rupee posted a marginal gain, appreciating by five paisa in the inter-bank market, closing at Rs283.72 against the dollar, compared to Rs283.77 a day earlier. It merits a mention that an appreciation of the rupee causes gold prices to drop as gold prices are denominated in dollars.

Gold prices in Pakistan fell sharply on Monday, echoing a slowdown in the international bullion market. In the local market, rates dropped by Rs2,600 per tola, settling at Rs351,500, while the price of 10 grams also declined by Rs2,228, closing at Rs301,354.

This drop comes just after gold had reportedly jumped by Rs3,100 per tola on Saturday, hitting a peak of Rs354,100. Gold prices in the international market also took a hit, with prices slipping by $26 per troy ounce to $3,331, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

A Director of a reputable commodities institute outlined how market activity was almost non-existent due to a US bank holiday. According to the director, the market was largely subdued, experiencing a high of $3,356 while touching a low of $3,323. Rates hovered around $3,335, witnessing nominal fluctuations.

As per reports, one of the key reasons for the dip was easing trade tensions between the United States (US) and the European Union (EU). After warning of a 50 percent tariff starting June 1, Donald Trump reportedly agreed over the weekend to delay the decision after talks with the EU. A new deadline has now been set for July 9 to finalise the deal, which pulled some pressure off global markets and dampened demand for gold.

Historically, gold has been perceived by many as a safe-haven asset as it is a great source of value, especially in times of uncertainty. However, with trade tensions decreasing, many are pulling out the funds that they had previously parked into gold as US-EU trade tensions decrease.

For Pakistan, the drop in gold prices could be a good sign as it will allow domestic buyers to purchase the commodity. This is because gold will become more affordable for local buyers allowing people to purchase the yellow metal for the upcoming wedding season.

In other developments, the Pakistani rupee saw a small decline against the US dollar. Data from the State Bank of Pakistan indicates that it closed at 282.06 in the interbank market, slipping by Rs0.09 or 0.03 percent. On a calendar year-to-date basis, the rupee has weakened by 1.24 percent, and by 1.32 percent for the fiscal year so far.

Reports have revealed the performance of other major currencies too, highlighting how the euro and the US dollar gained ground globally against traditional safe-haven currencies like the yen and Swiss franc. This move came after Trump’s tariff retreat, which calmed investor nerves and shifted money away from gold and into riskier assets.

Gold prices witnessed a rise in the international market owing to uncertainty regarding the United States’ (US) position on tariffs, depreciation of the US dollar and ongoing Russia-Ukraine ceasefire talks. As per reports, domestic gold prices did not shift significantly, as the price of one-tola 24k gold increased by a marginal Rs300.

According to details released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), per tola gold rates have inched up to Rs342,800. The price of a 10-gram 24k increased by Rs257, coming to rest at Rs293,895.

However, details from reports suggest that the commodity is trading below the aforementioned prices in domestic gold and sarafa markets. One-tola gold is fetching Rs341,350 in local markets, with 10 grams being sold for approximately Rs292,658. This phenomenon is fairly common as prices quoted by APSGJA and domestic gold rates differ slightly at times. 

The price of gold in the domestic market rallied sharply on Monday, recording a Rs4,000 gain per tola. A director of a reputable commodities institution has reportedly highlighted that gold trading stayed muted throughout the day.

As per reports, the director outlined the trends in the international bullion market, mentioning how gold hit a low of $3,206 per troy ounce (t oz). Currently, the price of the commodity is resting at approximately $3312 per t oz.

According to analysts, $3,250 and even $3,200 could be key support levels for the commodity if prices begin to fall. As per reports, comments by analysts outlined how a close above $3,300 could result in a “bullish breakout”.

The price of gold in the international market rose by over one percent on Tuesday, owing to a depreciation of the dollar. The strength of the dollar and gold prices are inversely related, meaning that gold prices surge when the dollar depreciates.

Reports reveal that the cause of the dollar’s depreciation was a consequence of Moody’s, a renowned credit rating agency, downgrading the economic superpower’s sovereign rating. Moody’s downgrade, coupled with the Federal Reserve displaying caution, triggered a large sell-off as many perceived that it was riskier to hold onto dollars.

Reports attribute uncertainty related to tariffs and the Russia-Ukraine ceasefire negotiations as another factor causing gold prices to rise. This is because gold is perceived by many as a safe haven asset, and with uncertainty on the rise, many prefer to hold onto gold given its historic status of being a store of value.

Gold prices continued to tumble on Monday in Pakistan as international prices of the commodity recorded a sharp decline following reports of a temporary deal that will result in lower tariffs on imports between the United States (US) and China.

According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of one tola 24 karat gold fell by a staggering Rs10,400 in the domestic market, causing it to come to a rest at Rs340,500. 10-gram 24 karat gold rates fell substantially too, falling to Rs291,923 after logging a decline of Rs8,917.

Reports indicate that a similar phenomenon was witnessed on Friday when per tola gold rates declined by Rs1,800. Prior to the downtrend, the commodity’s price witnessed a surge owing to falling investor confidence in global capital and financial markets. 

Historically, gold has been perceived by many as a safe-haven asset, and with the US-China trade war sending global capital markets into a free fall, many preferred to park their funds in gold, considering it to be a great source of value.

This allowed per tola gold prices to reach as high as Rs390,000 in the domestic market. However, analysts predicted that a sharp revision was due. The yellow metal experienced a substantial fall in its price as spot prices fell by a whopping 2.6 percent on Monday, resulting in international prices falling to $3,237.04 per troy ounce.

US gold futures followed a similar trend, recording a 3.1 percent decline in their position to drop to just $3241.70. A director from a reputable commodity institution in Pakistan has attributed the decline in gold prices to improving commercial ties between the two economic hegemons of the Western and Eastern world: the United States and China.

According to reports, both economic giants have decided to issue a temporary, 90-day moratorium on tariffs, which has led to a 90 percent drop in tariffs between the two economies. Analysts have outlined that if gold rates fall below $3,180 per troy ounce, the commodity could witness prices plunge even further, as prices falling below the $3,180 support level could potentially trigger sell-offs. 

Currently, investors look to the US and China to determine the trajectory that both countries have chosen relative to the other. While normalisation could result in a further decline in prices, analysts believe that gold prices may begin to rise again if US-China relations sour.

The price of gold has surged again in the domestic market, with the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) quoting that the price hike has catapulted the 24-karat tola gold rates to Rs 363,700. According to data from reports, the price of one tola of gold spiked by Rs 5,900, with 10-gram gold prices increasing by approximately Rs 5,000 to a new high of Rs 311,814.

However, the unofficial price of gold has reportedly reached Rs 390,000 per tola, as speculative buying remains strong. The difference in price could stem from traders charging a high premium to augment their incomes. Some believe this to be plausible, as gold traders and jewellers have witnessed a decline in sales volume over the past few months.

The reason behind the commodity’s surge in price lies in falling investor confidence in global capital and financial markets. Gold is perceived by many as a safe-haven asset, and with the US-China trade war sending global capital markets into a free fall, many have parked their funds in gold. 

However, Analysts believe that the market is due for a major correction, which could cause prices to fall in the near future. Moreover, with the Trump administration hinting at a possible trade deal with China, capital markets may regain much-needed stability. 

Previously, many believed that the price of gold had not hit its ceiling. Citing several factors, Goldman Sachs had previously revised its year-end 2025 gold price projection to $3,700 per troy ounce.

As of publication, the analyst’s claims seem to have come true, as international gold prices have recorded a sharp fall from $ 3,500 per troy ounce to just $ 3,325 per troy ounce. Data from exchanges indicates that the price of the yellow metal has already recorded a 1.52 percent decline.

A director at a reputable financial brokerage has suggested that the correction could be even larger. According to reports, the US dollar is facing pressure, which could partially explain the movement in gold prices.

The strength of the dollar and gold prices are inversely related, meaning that gold prices surge when the dollar depreciates. Reports indicate that the world’s reserve currency has depreciated against multiple currencies owing to increased global uncertainty.

With a possible US-China deal in the works, many believe that investors will pull their funds out of the safe-haven asset, causing the gold price to drop substantially.

After scaling to an all-time high of Rs 350,000 per tola, gold prices have recorded a minimal fall of Rs300, and will not significantly change the affordability of the yellow metal.

While market rates differ significantly from the official rates provided by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), reports said that gold was currently trading as high as Rs360,300 per tola and Rs 308,900 per 10 grams.

As of publishing, international gold rates for one troy ounce sit at a respectable $3,328.30 across multiple digital exchanges. International bullion gold rates are priced significantly closer to the rate APGJSA has posted.

The difference in price could stem from traders charging a high premium to augment incomes. Some believe this to be plausible as gold traders and jewelers have witnessed a fall in the volume of sales in the past few months.

Over the last six months, gold prices have witnessed a meteoric rise, jumping from approximately $2,700 per troy ounce to $3,328 per troy ounce — a 22.3 percent spike. With many unable to purchase gold, independent analysts believe a fall in domestic sales volume might be a contributing factor behind the high premiums.

Gold traders often charge “packing fees” among others, which causes the price of the commodity to rise in the domestic market. While the price of gold fluctuates rapidly, silver prices have remained largely undisturbed.

Silver rates sit at Rs3,414 for one-tola of 24k purity and have largely remained stable as the commodity remains insulated from bulk buying and selling by large investors in the global bullion market. The 10-gram rate for pure silver is Rs2,927.

Many believe that the reason behind the large swings in the price of gold could stem from gold’s status as the ultimate “safe haven asset”. Historically, in times of economic downturns, investors have preferred to park their funds in gold as it is a good store of value.

With economic uncertainty on the rise and analysts predicting a global recession, many believe that the price of gold has not hit its ceiling yet. Citing a number of factors, Goldman Sachs has revised its year-end 2025 gold price projection to $3,700 per troy ounce.

Prior to the revision, experts at Goldman Sachs had predicted that the price of gold would only reach $3,300 per troy ounce.