Gold Prices in Pakistan Today-May 12, 2025
Staff Report:
ISLAMABAD – Gold rates in Pakistan have seen a major decline up to Rs10,400 to Rs340,500 for 24-karat per tola gold. It has registered a decline from Rs350,900 on the last trading day.
The All Pakistan Sarafa Gems and Jewellers Association has revealed that the price of 10 grams of 24-karat gold had also witnessed a major drop.
It faced a decline of Rs8,917 to Rs291,923 against the previous price of Rs300,840.
In the international market, gold prices had also dropped by $104 per ounce to $3,117 against old price of $3,221.
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Gold has also remained to act as a safe-haven asset for the investors amid global uncertainty.
It has also been remained a key hedge against inflation and currency volatility. The Prices of gold typically surge when interest rates decline when borrowing costs increase.
