Gold prices in Pakistan slipped lower on the last trading day of 2025, offering a brief pause after a year of relentless rises.
Local dealers quoted the price of gold at Rs456,962 per tola, down Rs2,600 from Tuesday’s session, according to the All Pakistan Gems and Jewellers Association (APGJSA).
Smaller weights also saw declines, with 10 grammes of 24 karat gold falling by Rs2,142 to Rs391,771.
The rate for 22 karat 10 gramme gold was recorded at Rs359,136. Silver prices mirrored this trend, slipping Rs212 per tola and Rs182 per 10 grammes, leaving silver at Rs7,718 per tola and Rs6,616 per 10 grammes.
A year of big gains
Despite the recent drop, 2025 has been extraordinary for precious metals in Pakistan. Gold opened the year at Rs272,600 per tola, rising steadily in most trading sessions.
By the end of the year, the metal had jumped by over Rs180,000 per tola, a rise that surprised many buyers. Similarly, 10 grammes of gold started the year at Rs233,711. Silver followed a comparable trajectory, opening at Rs3,350 per tola and climbing steadily.
Global market trends
Gold prices in the international market also saw a minor setback today. Spot gold fell 0.5 percent to $4,326.55 per ounce, marking a two-week low, while US gold futures for February delivery slipped 1.1 percent to $4,339.30 per ounce. Analysts attributed the decline to profit-taking and rising margin requirements on precious metal futures by the CME.
This year has seen a dramatic surge in gold prices globally, with a rise of around 65 percent, the biggest annual jump since 1979. Factors driving the rally included U.S. interest rate cuts, expectations of further monetary easing, geopolitical tensions, strong central bank demand, and robust ETF inflows.
Traders note that gold is experiencing heightened volatility as profit-taking and new positions intersect, making short-term predictions challenging.
