Gold Prices in Pakistan Today-May 2,2025
Staff Report
Islamabad: Gold rates in Pakistan declined on May 2, 2025, in line with the reduction in the global market.
All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) said that the price of gold per tola declined by Rs1,300 to Rs344,500. The price of 10 grams of gold was reduced by Rs1,114 to Rs295,353.
Earlier, the gold rate dropped by Rs3,400 to reach Rs345,800. The price in the international market dropped to $3,263 per ounce (including a $20 premium), registering a reduction of $13.
Meanwhile, the price of silver did not see any change and remained steady at Rs3,427 per tola in the local market.
Market experts have seen an increase in gold prices of $100–$150 in case political tensions between Pakistan and India escalate.
Adnan Agar Director at Interactive Commodities, says that political tensions between India and Pakistan could also push gold prices up by $100–$150 in case conflict between two arch rivals escalates.
Gold prices have surged over the past six months and reached all-time highs due to global tensions and market uncertainty.
According to Adnan Agar, Director at Interactive Commodities, the gold market opened at around $2,750 in November and then dropped to $2,500 briefly. It surged to around $3,500 — a long-expected milestone.
Read More: Gold Prices in Pakistan Today– April 30, 2025
In Pakistan, gold surged to Rs350,000 from Rs295,000 before and settled around Rs346,000. Local prices have mainly followed global trends.
This $1,000 swing in international gold prices has shown rising investor fear and buying interest amid uncertain times.
A major reason for the rally is that gold’s role has been a safe investment during crises. Wars like Russia-Ukraine, Israel-Hamas, and US-Iran tensions have been major reasons to push investors to invest in gold.
Between January and April 2024, gold prices had witnessed a rise of $600–$700. Concerns over Donald Trump’s return and strong trade policies have resulted in adding fears to the market.
By late April, the rally had really slowed. Gold had dropped to $3,215 from $3,276. This fall happened partly due to technical reasons, and another reason was that strong US stock markets had pulled investors away from gold buying.
Central banks have also backed gold prices, and countries like China, Turkey, and Poland have been involved in buying gold steadily. China has increased its gold reserves for 17 straight months to stay away from the US dollar.
Speculation that the US Federal Reserve might cut interest rates had also resulted in pushing the prices of gold upward.
A weaker dollar has been making gold cheaper and more attractive. But strong US economic data at times had caused a reduction in these expectations and led to ups and downs in the prices of gold.
Retail trends have been varying. Gold demand in India has slowed due to high prices. Chinese investors have been buying gold bars and coins.
Meanwhile, the approval of Bitcoin ETFs in January 2024 had caused investors to stay away from gold buying, though it has remained popular with cautious investors.
Gold mining costs have been on the rise, too and making it harder to increase supply. This may also result in pushing prices even higher if demand remains strong.
Overall, gold has remained a popular choice in uncertain times. But prices may continue to swing following global risks, policies, and investor sentiment.
