Gold prices in Pakistan remained stable on May 19, 2025, as investors closely monitored international market trends and domestic demand. The rates, shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), reflected a balanced trend after recent fluctuations.
Per Tola and 10-Gram Rates
According to the APGJSA, the price of 24-karat gold stood at Rs 241,300 per tola. Meanwhile, the rate for 10 grams of 24-karat gold was fixed at Rs 206,876. These rates were consistent with the previous week’s closing figures, indicating a pause in the recent price volatility.
Similarly, the price of 22-karat was Rs 189,635 per 10 grams, commonly used in jewellery across the country.
Factors Driving Price Stability
The price stability comes amid a global cooling in gold demand as the US dollar strengthens and investors shift attention to other asset classes. However, geopolitical tensions and inflationary pressure continue to support gold as a long-term hedge.
In Pakistan, local demand for gold remains moderate. Weddings and investment purchases typically push up domestic demand, but high inflation and currency depreciation have made gold a more expensive commodity for everyday buyers.
Read: IMF Pushes New Conditions on Pakistan for Budget and Reforms
Global Trends and Local Impact
Globally, gold prices hovered near $2,420 per ounce in the international market, slightly up from earlier in the month. Analysts note that investors are balancing their portfolios ahead of the US Federal Reserve’s next interest rate announcement.
The local market often mirrors these international trends but also depends heavily on the rupee-dollar exchange rate. Any depreciation in the Pakistani rupee can cause gold prices to surge, even if international prices remain unchanged.
Jewellers Urge Caution
Jewellers in major cities like Karachi, Lahore, and Islamabad advise buyers to remain cautious and buy in smaller quantities due to potential price swings. Traders also suggest that buyers stay updated on daily price announcements by the APGJSA to make informed decisions.
As global uncertainty persists, gold continues to be viewed as a safe investment, both in Pakistan and worldwide.
Follow us on Google News, Instagram, YouTube, Facebook,Whats App, and TikTok for latest updates
