On July 17, 2025, gold prices fell in both the international and Pakistani markets due to a stronger U.S. dollar and a change in investor sentiment toward riskier assets.
Analysts attribute the recent dip in gold prices to reduced concerns surrounding U.S. Federal Reserve Chair Jerome Powell’s position, following President Donald Trump’s confirmation that he would not fire him. This stability has strengthened the dollar, which, in turn, has diminished gold’s appeal as a safe haven. In the global bullion market, spot gold decreased by 0.6%, settling at $3,335.77 per ounce.
In Pakistan, the price of gold dropped by Rs900 to Rs355,100 per tola, while the price for 10 grams fell by Rs771 to Rs304,441. Other precious metals also experienced declines: silver decreased by 0.4% to $37.77 per ounce, platinum dropped by 0.3% to $1,412.78, and palladium fell by 0.6% to $1,223.03.
The international market saw gold drop $9 per ounce to $3,326. Spot gold eased 0.6% amid a firmer dollar following Trump’s comments on Powell. 1 This reflects reduced uncertainty, as investors anticipate steady U.S. monetary policy. Gold’s role as an inflation hedge weakened, with prices hovering near recent highs but facing resistance.
Read: Gold Prices Surge to New Highs in Global and Pakistani Markets
Silver, platinum, and palladium also slipped, signalling broader pressure on precious metals from economic stability signals.
In Pakistan, the per tola (11.66 grams) price fell from Rs 900 to Rs 355,100. The 10-gram rate dropped from Rs 771 to Rs 304,441. These adjustments reflect global trends, which are exacerbated by local currency fluctuations and rising import costs. Jewellers report subdued demand ahead of potential festivals, as buyers await further dips.
A stronger dollar makes gold more expensive for non-U.S. buyers, thereby curbing demand. 1 Trump’s assurance on Powell eased market fears, shifting focus to equities. Analysts from Reuters predict short-term volatility but long-term support from geopolitical tensions.
, Pakistan Rs355,100/tola (-Rs900). Factors include stronger dollar.){kind=link}