KARACHI, Pakistan – Gold prices in Pakistan experienced a slight decline on Wednesday, reflecting the broader trends in the global market and the impact of diminished domestic purchasing power. According to the Karachi Sarafa Association, the price for 24-karat gold fell by Rs300, settling at Rs248,200 per tola. The decrease comes amidst efforts to keep prices below their actual market value due to reduced consumer spending ability.

Local Market Dynamics

In addition to the decline in per tola rates, the price of 24-karat gold per 10 grams also saw a reduction, falling by Rs236 to Rs212,791. The 22-karat gold price was reported at Rs195,059 per 10 grams, reflecting similar downward pressure. These adjustments in gold prices highlight ongoing economic challenges that are affecting consumer demand and spending power in Pakistan.

Stability in Silver Prices

Contrasting the fluctuations in gold, silver prices remained stable in the domestic market. The rate for 24-karat silver stood unchanged at Rs2,850 per tola and Rs2,443.41 per 10 grams. This stability indicates a consistent demand for silver, which might be less affected by the same economic pressures impacting gold.

Global Gold Market Trends

On the international front, spot gold prices were slightly lower, trading near $2,418.3 per ounce, down by 0.11% on the day. The global market is also witnessing shifts influenced by various economic factors, including changes in demand from major consumers like China.

China’s Gold Import Slowdown

China, the world’s largest consumer of gold, saw a notable reduction in bullion imports. The latest customs data revealed that overseas purchases of physical gold fell to 136 tons in April, marking a 30% decline from the previous month and the lowest total for the year so far. This decrease is attributed to the high gold prices that are dampening consumer demand in the Chinese market.

Silver’s International Performance

While gold prices are under pressure, silver is experiencing a robust performance on the international stage. International silver prices have held near an 11-year high, buoyed by surging investor interest, a favorable macroeconomic environment, and a projected fourth consecutive annual market deficit. These factors contribute to the strong performance and attractiveness of silver as an investment.

Implications for Pakistani Market

The marginal decline in gold prices in Pakistan reflects the interconnectedness of local and global economic conditions. As purchasing power remains constrained, the domestic market is responding by keeping gold prices relatively lower to maintain accessibility for consumers. Meanwhile, the stability in silver prices offers an alternative investment for those looking to hedge against economic uncertainty.


The slight drop in gold prices in Pakistan underscores the ongoing economic challenges facing consumers, while silver prices remain steady, providing a stable investment option. The global trends, particularly the slowdown in China’s gold imports and the strong performance of silver, further highlight the dynamic nature of precious metal markets. As the economic landscape continues to evolve, both local and international factors will play critical roles in shaping the pricing and demand for these valuable commodities.



Experienced Senior Research Analyst



Sikander Raza, a Senior Technical Analyst



Hamza Saleem, a Senior Business Analyst



Irsa Sajjad, as a Research Analyst for Equities

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