Gold prices in Pakistan remained above the Rs. 450,000 per tola mark on Thursday, despite a slight decline in international bullion rates and ongoing protests by jewellers across the country.
According to the latest figures released by the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola decreased by Rs. 2,300 during the day. However, the precious metal continued to trade at a historically elevated level of Rs. 452,963 per tola.
Similarly, the price of 10 grams of gold registered a decline of Rs. 2,070, settling at Rs. 387,615. While the reduction offered some relief to buyers, prices remained significantly high compared to long-term averages.
The marginal drop in domestic gold rates followed a slight correction in international gold markets. However, the impact of lower global prices was limited, allowing local rates to remain above the key Rs. 450,000 threshold.
Market observers note that gold prices in Pakistan are influenced by a combination of international bullion rates, exchange rate movements, import-related costs, and local market demand. As a result, even minor fluctuations in global markets can affect domestic pricing trends.
The latest price update comes at a time when jewellers in various parts of the country are staging protests over issues affecting the gold and jewellery trade. Despite these demonstrations, trading activity and price adjustments continue to be linked primarily to international market developments and local economic factors.
Gold remains one of the most preferred investment and wealth preservation assets in Pakistan, particularly during periods of economic uncertainty and inflationary pressures. Investors often turn to the precious metal as a hedge against currency depreciation and market volatility.
Analysts believe that future movements in gold prices will largely depend on global economic conditions, central bank policies, geopolitical developments, and fluctuations in the value of the US dollar. Any significant changes in these factors could influence both international and local gold markets.
Although Thursday’s decline provided a modest correction, the precious metal continues to trade near record levels, reflecting sustained investor interest and broader market uncertainty. Consumers planning to purchase gold for investment or wedding-related purposes are closely monitoring price trends in anticipation of further adjustments.
For now, gold remains firmly above Rs. 450,000 per tola, underscoring the strength of the market despite recent price fluctuations and ongoing challenges within the jewellery sector.
