KEY POINTS
- The 24‑carat gold rate in Pakistan dropped by Rs 3,500 per tola to close at Rs 420,362, while 10‑gram gold was sold at Rs 360,392 on November 4, 2025.
- The decline followed a global correction, with international spot gold hovering near USD 3,980 per ounce.
- Dealers attributed the fall to profit‑taking and a stronger US dollar, which trimmed safe‑haven demand.
- Regional markets mirrored similar trends, with gold easing in India and the Gulf.
ISLAMABAD: Gold prices in Pakistan fell on Tuesday as the bullion market adjusted to global cues and local currency movements.
According to the All‑Pakistan Gems and Jewellers Sarafa Association, the 24‑carat gold rate decreased by Rs 3,500 per tola, settling at Rs 420,362. The 10‑gram price stood at Rs 360,392.
“The drop reflects short‑term profit‑taking after recent highs and a firmer US dollar globally,” said a Karachi‑based bullion dealer while speaking to Business Recorder. “Safe‑haven buying has cooled for now, though uncertainty in global markets still underpins long‑term interest.”
Market analysts noted that the downward adjustment was consistent with movements in international bullion, where gold traded around USD 3,980 per ounce, as reported by Express Tribune and SAMAA.
The dip followed easing demand from institutional investors and stronger US Treasury yields, which made non‑yielding assets like gold less attractive.
Regional Context
Across South Asia, markets exhibited a similar pattern, with India’s domestic prices also falling amid the global correction.
Gulf markets also reported marginal declines as investors repositioned themselves ahead of upcoming US inflation data.
Outlook
In the short term, analysts predict that gold will trade within a narrow range of Rs 418,000 to Rs 425,000 per tola.
This fluctuation is closely linked to movements of the rupee and international price trends.
Dealers believe renewed volatility in global markets or new geopolitical tensions could increase demand for gold as a haven.
