Sharp Decline in Gold Prices Across Pakistan
Gold rate in Pakistan today, 16 May 2025, dropped significantly as local markets witnessed a Rs6,700 decrease per tola, bringing the price down to Rs335,200. The price dip was consistent across major cities like Karachi, Lahore, Islamabad, and others. This sharp decline follows a week of fluctuating rates, driven by shifts in the international gold market.
Current Gold and Silver Prices by City
- Gold (24K): Rs335,200 per tola
- Silver: Rs3,377 per tola
- Uniform rates recorded in Karachi, Lahore, Islamabad, Peshawar, Quetta, Sialkot, Hyderabad, and Faisalabad.
International Gold Market Update
Globally, gold is priced at $3,168 per ounce, including a $20 premium, indicating possible corrections ahead.
What to Expect in Coming Days?
With recent volatility, analysts predict further price drops or consolidation in local markets depending on global cues and dollar rate movement. Investors should stay updated as the market reacts to international economic indicators
