In a surprising turn of events, the gold market in Pakistan experienced a significant decrease in prices this Saturday, sending ripples across the trading community and potential investors. The latest update released by the All Pakistan Sarafa Gems and Jewellers Association has revealed a sharp decline in the rates of both gold and silver.
Latest Gold Rates in Pakistan – April 7, 2025
The price of 24-karat gold per tola has dropped by Rs. 5,500, settling at Rs. 320,000, compared to Rs. 325,500 on the previous trading day. Similarly, the price of 10 grams of 24-karat gold fell by Rs. 4,714, now priced at Rs. 274,348 instead of the earlier Rs. 279,063.
For 22-karat gold, which is commonly used for jewellery making in Pakistan, the 10-gram rate witnessed a decrease of Rs. 4,322, bringing the price down to Rs. 251,494 from Rs. 255,817.
Silver Prices Also Drop Alongside Gold
It wasn’t just gold that saw a price adjustment—silver prices in Pakistan also experienced a considerable fall. The per tola silver rate declined by Rs. 460, now trading at Rs. 3,120. Meanwhile, 10 grams of silver dropped by Rs. 395, coming down to Rs. 2,674.
Also Read: Massive Drop in Gold Prices Shakes Pakistani Market
Global Gold and Silver Market Trends
The international bullion market mirrored the local downtrend. The global gold price decreased by $51, falling from $3,089 to $3,038 per ounce. Additionally, silver in the global market slipped by $4.5, now standing at $29.59 per ounce.
These international price corrections are influencing local markets, with investors closely monitoring global economic indicators, including interest rates, inflation data, and geopolitical tensions.
Why This Decline Matters
This drastic fall in precious metal prices comes at a time when investors are diversifying portfolios amid economic uncertainty. The drop might offer a golden opportunity for buyers to invest at lower rates, particularly as experts foresee possible rebounds in the coming weeks.
Moreover, the reduced prices might stimulate local jewellery purchases, especially ahead of the upcoming wedding season—a traditional period of high gold demand in Pakistan.
Market Outlook: What to Expect Next?
While this sudden dip may alarm some investors, market analysts suggest this could be a short-term correction. Factors such as fluctuating currency rates, central bank policies, and rising demand in Asian markets could drive prices back up.
For now, it’s a waiting game for both buyers and traders, as the next trend in the precious metals market unfolds.
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