Gold Prices in Pakistan Drop: Expert Insights, Market Outlook

Overview

Gold prices in Pakistan witnessed a notable correction this week, aligning with international market movements and the strengthening of the Pakistani rupee. As of today, the price of gold stands around Rs 246,500 per tola, marking a decline of approximately Rs 2,000 compared to last week’s rate.

According to the All Pakistan Gems and Jewellers Association (APGJA), this drop reflects the broader global trend where gold has slipped below $2,350 per ounce due to improving economic stability and easing inflation fears.

Why Gold Prices Are Falling

The fall in gold prices is not an isolated event. Several interconnected global and domestic factors have contributed to the current dip:

Stronger Pakistani Rupee:
The rupee’s recent stability against the U.S. dollar has reduced import costs for gold, softening its domestic price.
Global Economic Recovery:
As inflation eases in major economies and investors return to equity markets, gold’s “safe-haven” appeal has temporarily declined.
Federal Reserve’s Policy Outlook:
The U.S. Federal Reserve’s cautious stance on interest rate cuts has strengthened the dollar, indirectly pushing gold prices downward.
Reduced Geopolitical Tensions:
Stability in energy markets and cooling regional conflicts have reduced speculative buying in gold globally.

Gold Price Snapshot (November 2025)

City	Gold Rate (Per Tola)	24K Price (Per 10g)
Karachi	Rs 246,500	Rs 211,300
Lahore	Rs 246,700	Rs 211,400
Islamabad	Rs 246,600	Rs 211,350
Peshawar	Rs 246,550	Rs 211,320

Source: All Pakistan Gems and Jewelers Association (APGJA)

Impact on Pakistani Consumers and Investors

The decline in gold prices has sparked mixed reactions:

Jewelry buyers are welcoming the drop ahead of the wedding season, with jewelers reporting a rise in orders and pre-bookings.
Investors, however, are closely monitoring whether the correction will continue or rebound after year-end.

Economic analysts believe that Pakistan’s gold market remains sensitive to currency fluctuations and global monetary shifts — making it essential for investors to stay updated with both domestic and international indicators.

Expert Opinion: “A Healthy Correction, Not a Crash”

“The current decline in gold prices is a natural market adjustment. It’s not a collapse but a consolidation phase before the next cycle of growth,”
says Rizwan Sheikh, Senior Market Analyst at Karachi Bullion Exchange.

He adds,

“With inflation still hovering globally and Pakistan’s rupee facing long-term uncertainty, gold will remain a reliable hedge in 2025.”

Global Factors to Watch

Global gold prices are influenced by a range of economic and geopolitical developments. Key trends shaping the market in late 2025 include:

U.S. Interest Rates: Higher yields reduce gold’s appeal, while rate cuts can reignite demand.
China and India’s Demand: As top gold consumers, their economic activity directly affects global prices.
Oil Market Stability: A rise in oil prices can trigger inflation, indirectly pushing gold rates upward.
Central Bank Purchases: Many emerging economies continue to accumulate gold as a reserve asset, influencing long-term price support.

Investment Outlook: Time to Buy or Wait?

Experts suggest that the current dip could be an entry point for long-term investors. However, timing remains crucial:

Short-term traders may prefer to wait for more clarity on international price direction.
Long-term investors can benefit from gradual accumulation during dips.

In short:

“Diversify your portfolio — allocate a steady percentage to gold, but don’t go all in during a correction.”

Final Thoughts

Pakistan’s gold market continues to reflect the country’s economic pulse — tied closely to currency trends, inflation, and global demand. For households, this dip is a moment of relief; for investors, it’s a reminder that gold remains the ultimate long-term hedge.

Whether you’re buying jewelry for a wedding or investing for financial security, now is a strategic time to plan your moves carefully.

FAQs About Gold Prices in Pakistan

1. Why are gold prices falling in Pakistan right now?
Because the rupee has stabilized and international gold prices are declining due to reduced global inflation and a stronger dollar.

2. Will gold prices go up again soon?
Analysts expect fluctuations, but most predict prices will rebound slightly in early 2026 as inflation pressures rise again.

3. Should investors buy gold now?
Yes, cautiously. It’s a good time to start accumulating gold gradually rather than making large purchases all at once.

4. What is the current gold rate in Pakistan?
As of early November 2025, gold trades around Rs 246,500 per tola across major cities.

5. How can I track live gold prices in Pakistan?
You can check daily updates on reliable financial portals like Prime Bulletin, APGJA, or forex.pk for verified market rates.