All Pakistan Sarafa Gems and Jewellers Association (APSGJA) shares data, indicating that the price of 24-carat gold dropped by Rs4,000 per tola and Rs3,430 per 10 grams, reaching Rs221,500 and Rs189,900, respectively.


Karachi: The gold price in Pakistan on Tuesday continued its downward trend, influenced by the post-budget sentiment and the approaching cyclone Biparjoy, which resulted in a deserted market.
The All Pakistan Sarafa Gems and Jewellers Association (APSGJA) provided data indicating that the price of 24-carat gold dropped by Rs4,000 per tola and Rs3,430 per 10 grams, reaching Rs221,500 and Rs189,900, respectively.
In the international market, the price of gold experienced a decline of $2, settling at $1,961 per ounce today.
Over the course of the last two sessions, the prices of gold have cumulatively decreased by Rs5,750.
Comparatively, the price of gold in Pakistan is Rs4,000 per tola lower than the Dubai market.
Recent times have witnessed volatility in the gold rate in Pakistan due to ongoing political and economic uncertainties, high inflation, and currency depreciation. During such periods, individuals tend to view gold as a safe investment and a hedge, leading to increased demand.
The market observed a significant decline on Tuesday due to various factors, including international rates, depreciation of the dollar, the impact of cyclone Biparjoy, and unfavorable weather conditions that limited buyer activity.
Data shared by the association revealed that the price of silver remained unchanged at Rs2,650 per tola and Rs2,271.94 per 10 grams.

Three ways Trump’s attack on Iran could spin out of control
- an hour ago

28 Years Later is a bleak fever dream with rage pumping through its veins
- 3 hours ago

Meta held talks to buy Thinking Machines, Perplexity, and Safe Superintelligence
- 3 hours ago

Microsoft adds Steam games to its Xbox PC app on Windows
- 3 hours ago

It’s not just the cities. Extreme heat is a growing threat to rural America.
- an hour ago

This time, it’s Trump’s war
- an hour ago

Mock draft: Derrick Henry biggest mover in change to non-PPR
- 2 hours ago

Riot is shutting down studio behind its Minecraft-like game
- 3 hours ago

Verizon adopts Google’s Gemini AI to help customers solve ‘complex’ issues
- 3 hours ago

OpenAI and Jony Ive’s ‘io’ brand has vanished, but their AI hardware deal remains
- 3 hours ago

How the Supreme Court paved the way for ICE’s lawlessness
- an hour ago

The paradox driving Trump’s bad polling numbers
- an hour ago