Gold prices in Pakistan fell from Rs2,000 per tola to Rs318,000 on Tuesday, April 8, 2025.
According to the All-Pakistan Gems and Jewellers Sarafa Association (GAPSJSA), the decline follows a $28 drop in international gold prices, which settled at $3,010 per ounce. This marks another dip in a volatile week for the precious metal.
The price of 10 grams of gold has decreased by Rs1,715, bringing the total to Rs272,633. Similarly, silver experienced a slight decline of Rs50, settling at Rs3,170 per tola. Just a few days ago, on Saturday, gold reached Rs320,000 per tola following a sharp drop of Rs5,500 in a single day, which reflects ongoing global economic pressures.
Why Are Gold Prices Falling?
The downward trend is tied to global economic uncertainty, fueled by US President Donald Trump’s recent tariff announcements. Goldman Sachs now predicts a 45% chance of a US recession within the next year, while JP Morgan forecasts a 0.3% economic contraction, down from a prior 1.3% growth estimate due to these policies. Trump defended his stance, saying, “Sometimes you have to take medicine to fix something,” though China called the tariffs “economic bullying.”
Read: Gold Prices in Pakistan Plunge Rs5,500 Per Tola on Saturday
These tensions have rattled markets worldwide, pushing gold prices lower as investors reassess risks. The APGJSA notes that Pakistan’s gold market is closely tied to these international shifts, impacting local buyers and traders.
As prices vary, Pakistan’s consumers may encounter opportunities and risks in the coming days. Experts recommend keeping an eye on global trade developments likely to influence gold’s path. The market is highly responsive to every twist in this economic narrative.
