Rates

Gold Price Update: Closing Rates in Pakistan – Tuesday, April 29, 2025

As of the close of trading on Tuesday, April 29, 2025, gold prices in Pakistan have experienced a notable decline, influenced by international market trends and local economic factors.

📉 Today’s Closing Gold Rates in Pakistan

Gold Purity	Price per Tola (PKR)	Price per 10 Grams (PKR)
24 Karat	366,800	314,480
22 Karat	336,231	288,271

Sources: SilverPrice.pk, Daily Pakistan

🌐 International Market Overview

In the international market, spot gold prices have decreased by 0.6%, settling at approximately $3,297.10 per ounce. This downward trend is attributed to easing geopolitical tensions and optimism surrounding global trade developments. The Express Tribune

🔍 Factors Influencing the Price Drop

Global Market Correction: The decline in international gold prices has directly impacted local rates in Pakistan.
Currency Fluctuations: Stabilization of the Pakistani Rupee against the US Dollar has contributed to the decrease in gold prices domestically.
Investor Sentiment: Reduced demand for gold as a safe-haven asset amid positive economic indicators has led to a decrease in prices.

🔮 Outlook

Market analysts suggest that gold prices may continue to experience fluctuations in the coming days. Factors such as global economic developments, currency exchange rate movements, and changes in local demand will play a crucial role in determining the direction of gold prices. Investors and traders are advised to stay informed about these factors and consult with financial experts before making investment decisions.

Please note that gold prices are subject to rapid changes due to market volatility. Regularly check for the latest rates and seek professional advice when necessary.

For more detailed information and regular updates on gold prices, visit Daily Forex Pakistan.

Hamza Shah