Gold prices experienced a significant decline on April 30, 2025, impacting both international and Pakistan’s local markets, as the All Pakistan Sarafa Gems and Jewellers Association reported.
In Pakistan, the price of gold per tola fell by Rs3,400 to Rs345,800, while 10 grams dropped by Rs2,915 to Rs296,467. Internationally, spot gold decreased by 1.3% to $3,274.10 per ounce, and U.S. gold futures slipped 1.5% to $3,283.50, reflecting a $34 drop in the bullion market.
The downturn, observed at 1017 GMT, follows a 20% surge in gold prices earlier in April, with bullion still on track for a fourth consecutive monthly gain of nearly 5%. Other precious metals also declined, with spot silver falling 2.1% to $32.27 per ounce, platinum dropping 1.1% to $966.86, and palladium decreasing 0.6% to $929.44.
Read: Gold Prices Surge in Pakistan: Latest Rates and International Trends
The sharp drop has sparked concern among traders and investors, who view gold as a safe-haven asset, though global market fluctuations continue to drive local price volatility.
Market analysts attribute the decline to profit-taking and broader economic shifts, advising investors to monitor trends closely. Despite the downturn, gold’s long-term appeal as a hedge against uncertainty remains strong.
