On Monday, April 28, 2025, gold prices declined in both international and local markets in Pakistan due to technical corrections and profit-taking, reversing the recent gains in bullion rates.
According to local market reports, the price of 24-carat gold per tola dropped by Rs1,600 to Rs347,100 in Pakistan, while 10 grams of gold decreased by Rs1,368 to Rs297,582.
Read: Gold Prices Drop Sharply in Pakistan and Globally, Ending Record Highs
Globally, the international bullion market saw gold prices decline by $16 per ounce, reaching $3,289. In contrast, silver prices remained unchanged, with per tola silver steady at Rs3,497 and 10 grams at Rs2,998. Market analysts attribute the gold price dip to investors cashing in profits at elevated levels, though gold continues to serve as a safe-haven asset amid global economic uncertainties.
The fluctuations highlight the volatile nature of precious metals markets. Experts predict short-term variations but sustained long-term interest in gold due to geopolitical and economic factors.
