Gold prices declined across Pakistan on the fourth business day of the week, reflecting a downward trend in the domestic bullion market.
According to the Sarafa Bazaar Association, the price of gold per tola fell by Rs 600, settling at Rs 466,162. The price of 10 grams of gold also declined, falling by Rs 515 to Rs 399,685.
Market observers estimate that Pakistan’s annual gold demand ranges from 60 to 90 tonnes, with an estimated value of $8 billion to $12 billion. Despite this large market size, more than 90% of gold trading in the country remains undocumented.
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A research report by the Competition Commission of Pakistan highlights that around 70% of domestic gold demand is driven by weddings and social events. The report identifies cultural traditions as a major factor shaping purchasing patterns.
Pakistan relies heavily on imported gold to meet local demand. During the 2024 fiscal year, the country imported gold worth $17 million. Official data indicate that Pakistan’s gold reserves stood at 64.76 tonnes by the end of 2025, with an estimated value of approximately $9 billion.
Analysts say fluctuations in global prices, currency movements, and seasonal demand continue to influence local gold rates. Traders expect prices to remain volatile in the near term as international markets react to changing economic signals.
