On Friday, May 30, 2025, the All Pakistan Sarafa Gems and Jewellers Association reported a Rs 700 decrease in the price of 24 karat gold per tola in Pakistan, bringing the price down from Rs 349,300 to Rs 348,600. In contrast, Saudi Arabia experienced an increase, with the price of 24 karat gold per tola reaching 4,630 SAR.
According to Forex Pakistan, the price of gold in Pakistan reflects wider trends in the global gold market.
Pakistan’s Gold and Silver Market Update
The price of 10 grams of 24 karat gold in Pakistan fell by Rs 599 to Rs 298,868, while 22 karat gold dropped by Rs 2,829 to Rs 273,422. Silver prices remained stable at Rs 3,380 per tola and Rs 2,983 for 10 grams. Internationally, gold prices dipped by $7 to $3,302 per ounce, with silver at $33.20, highlighting fluctuations in the price drop in Pakistan.
Saudi Arabia’s Gold Price Surge
In contrast, Saudi Arabia’s gold rates climbed, with 10 grams of 24 karat gold at SAR 3,974 and an ounce at SAR 12,361, which was reported at 10:00 a.m. local time. This uptick underscores gold’s appeal as a safe-haven asset amid economic and geopolitical uncertainties, reinforcing its role in wealth preservation.
Read: Gold Prices Drop to Rs347,900 per Tola, PSX KSE-100 Gains 111 Points
Gold continues to be regarded as a strong financial haven, appealing to institutional and individual investors looking for stability during periods of market volatility. Its popularity in jewellery and as a safeguard against economic instability fuels demand, especially in countries like Pakistan and Saudi Arabia.
The 24-karat gold price changes impact investors, jewellers, and consumers and reflect global economic trends. Pakistan’s price drop offers opportunities for buyers, while Saudi Arabia’s rise signals robust demand in the global gold market.
