On April 18, 2025, gold prices in Pakistan experienced a slight decline, falling to Rs349,700 per tola after reaching a historic high of Rs350,000 the previous day.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the dip mirrors a modest correction in the international bullion market. At the same time, silver prices continued their upward trend, highlighting divergent market dynamics.
Pakistan Gold Market Correction
Globally, gold prices slipped by $3 per ounce to $3,326, prompting a local adjustment in Pakistan. The price of 24-carat gold per tola dropped by Rs300 to Rs349,700, and 10 grams fell by Rs257 to Rs299,811. This follows Thursday’s unprecedented rally, when gold surged by Rs2,000 per tola and Rs1,715 per 10 grams, hitting Rs300,068 for 10 grams and breaching the Rs350,000 per tola milestone for the first time.
Analysts describe the decline as a natural correction after rapid gains, fueled by gold’s status as a safe-haven asset amid global economic uncertainty and geopolitical tensions. “Volatility is likely to persist as investors remain drawn to gold,” an APGJSA spokesperson noted, citing ongoing market pressures.
Silver Prices Rise
In contrast, silver prices continued to climb. On Friday, silver per tola rose by Rs16 to Rs3,417, and 10 grams increased by Rs14 to Rs2,929. According to APGJSA data, this steady ascent underscores silver’s growing appeal as an alternative investment, particularly in turbulent economic conditions.
Read: Gold Prices in Pakistan Shatter Records at Rs350,000 Per Tola
The APGJSA attributes Thursday’s gold price spike to heightened global demand and local investor enthusiasm, driven by concerns over inflation and regional instability. The subsequent dip offers a potential entry point for buyers, though analysts warn of short-term fluctuations. “Gold’s safe-haven status keeps it in demand, but corrections are part of the cycle,” a market analyst explained.
Pakistan’s gold market is closely tied to international bullion prices, with local rates influenced by global trends. Economic uncertainty and investor sentiment continue to shape price movements, making precious metals a focal point for financial planning.
