Business Desk 
Oct 18, 2025
Gold prices in Pakistan witnessed a major decline on Saturday, as the price of 24k gold dropped by Rs10,600 per tola, bringing the gold price in Pakistan to Rs446,300 per tola.
According to the All Pakistan Safara Gems and Jewellers Associations, the price of gold today for 10 grams of 24k has declined by Rs9,088, which now costs Rs382,630 and the price of 22k gold of 10 grams also dropped to Rs350,756.
Whereas, in the international market, the gold price dropped by $106 to $4,252 per ounce.
The drop in the price of gold results from global markets adjusting to a stronger US dollar and recent comments made by US President Donald Trump, who said a "full-scale" tariff against China is "unsustainable".
According to Reuters, gold fell more than 2% after briefly hitting a record high of more than $4,300 per ounce earlier this week.
Market analysts said Trump's softer tone toward China eases some tensions in the market, causing investors to move their assets out of safer havens like gold. The dollar index also moved slightly higher, increasing the costs of bullion priced in dollars, making it more expensive for international buyers.
Even with the decline, specialists believe longer-term demand for gold will remain strong in light of continued geopolitical risks and central bank purchases.
Standard Chartered Bank forecasts that in 2026 gold will once again be “averaging” $4,488 per ounce in three years; as the company cited, there are “broader structural factors" supporting the gold market.
At the same time, silver prices in Pakistan experienced a decline, with silver 24k per tola falling by Rs231 to reach a new price of Rs5,273, and silver 10 grams for 24k also dropped to Rs4,520.
The price of gold in Pakistan still tracks the international market day to day, showing the effect of the global economy, the strength of the currency and the overall confidence of the investor.
