Gold price in Pakistan took a notable dip on Wednesday, marking a significant shift in domestic precious metal rates. This decline reflects global market pressure and local economic factors, impacting both gold and silver prices.
Key Highlights for Gold Price
- 24-karat gold dropped to Rs345,800 per tola, a sharp fall of Rs3,400.
- 10-gram 24-karat gold is now priced at Rs296,467, down by Rs2,915.
- 22-karat gold is trading at Rs271,771 per 10-gram.
- Silver prices also fell, with 24-karat silver at Rs3,427 per tola, a Rs70 decrease.
- Internationally, spot gold declined by $36.7 to $3,280 per ounce.
Market Context Behind the Gold Rate Decline
The recent decline in gold price in Pakistan aligns with global trends, driven by a stronger U.S. dollar and reduced geopolitical risk. After tensions between the U.S. and China began to cool, investor demand for safe-haven assets like gold started to decline. This sentiment was reflected in the global market where gold prices fell by 1.11%, settling near $3,280 an ounce.
Additionally, upcoming U.S. economic data has kept traders cautious, further pressuring gold prices. The decline follows an earlier rally driven by inflation fears and central bank purchases.
Technical Insights on Gold and Silver Trends
Gold prices in Pakistan are reacting sharply to both international signals and internal currency valuations. Key support levels for local gold now hover near Rs340,000 per tola. If prices fall further below this point, we could see more bearish movement.
Technical resistance is currently expected around Rs349,000, the price registered a day earlier. Traders are watching this closely, especially with fiscal year-end positioning in play.
Silver is also under similar pressure. With a drop to Rs3,427 per tola, it’s nearing its monthly support level. If it breaches Rs3,400, further corrections might follow.
Expert Commentary on Price Action
Analyst Ahmed Raza from Daily Gold Signal explained,
“This fall in gold price was expected after the dollar showed strength and international tensions eased. Investors are now waiting on fresh economic indicators before re-entering the market.”
This sentiment is echoed across the trading community, where caution prevails amid shifting global cues.
Conclusion and Market Outlook
The gold price in Pakistan witnessed its second consecutive day of decline, indicating a possible short-term bearish trend. With economic indicators due from the U.S., further volatility may follow. Investors are advised to monitor both domestic currency performance and global signals before making buying decisions.
Stay updated on the latest trends and forecasts at Daily Gold Signal.
For daily updates on precious metal prices, visit the Daily Gold Update section.
FAQs About Gold Price in Pakistan
1. Why did the gold price in Pakistan fall today?
The gold price in Pakistan fell due to a stronger U.S. dollar and reduced global geopolitical tensions.
2. What is the latest 24-karat gold price in Pakistan?
As of April 30, 2025, the 24-karat gold price in Pakistan is Rs345,800 per tola.
3. How much did the gold rate drop per 10 grams?
The 24-karat gold rate per 10 grams dropped by Rs2,915, now priced at Rs296,467.
4. What caused silver prices to decrease in Pakistan?
Silver prices dropped due to international market trends and lower investor demand for precious metals.
5. Will the gold price in Pakistan continue to fall?
Future trends depend on U.S. economic data, currency strength, and global market developments.
6. Where can I check daily gold rate updates?
You can find daily updates on gold rates at Daily Gold Signal.
