The gold price in Pakistan dropped notably on May 16, 2025, bringing some relief to buyers and investors alike. According to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the rates saw a sharp dip both per tola and per 10 grams.
New Rates Announced
As of Thursday, the price of gold per tola has decreased by Rs6,700. The new price now stands at Rs335,200. Similarly, the price of 10 grams of gold fell by Rs5,745, settling at Rs287,379.
These reductions come in the wake of global market trends and shifting investor behavior, with international gold prices also experiencing a decline.
International Market Impact
In the global market, the price of gold dropped by $67, bringing it down to $3,168 per ounce. The international dip has played a direct role in adjusting domestic prices, reflecting the interconnected nature of global and local bullion trading.
Read: Bulls Return to PSX as KSE-100 Gains Over 1,100 Points
Market Reactions and Outlook
Jewellers and investors are watching these fluctuations closely. Analysts suggest the downward adjustment may trigger increased buying activity from both individual consumers and small-scale investors. Meanwhile, larger investors could use this window for repositioning their assets based on global cues.
Buying Advice
Given the volatility of the gold market, experts advise keeping a close watch on global indicators such as inflation, interest rate trends, and geopolitical tensions, all of which influence gold prices. For those looking to buy, this dip might offer a timely opportunity.
Latest Rates Summary (May 16, 2025)
-
Per tola gold: Rs335,200
-
Per 10 grams: Rs287,379
-
Global gold price per ounce: $3,168
These official rates are provided by the APGJSA and are followed by jewellers and traders across Pakistan. However, local prices may vary slightly based on city and dealer margins.
Follow us on Google News, Instagram, YouTube, Facebook,Whats App, and TikTok for latest updates
