The gold market is off to a dynamic start in 2025, with prices fluctuating significantly over the first few trading days. Whether you're an investor, jeweler, or simply curious about market trends, staying informed about gold price movements can help you make better financial decisions.
Recent Gold Price Changes
Gold Price Drop on Saturday (January 4, 2025)
On Saturday, the price of 24 karat per tola gold decreased by Rs. 1,200, trading at Rs. 275,700 compared to Rs. 276,900 on the last trading day. This marked the first price drop in four consecutive days of increases.
Key Gold Price Changes:
- Opening Day (Wednesday): Price increased by Rs. 1,000 per tola.
- Thursday: An additional increase of Rs. 1,100 per tola was observed.
- Friday: The price rose sharply by Rs. 2,200 per tola.
This made Saturday's decrease the first decline after a cumulative increase of Rs. 4,300 per tola over the previous three days.
10 Gram Gold Prices
The price of 10 grams of 24 karat gold dropped by Rs. 1,029, now trading at Rs. 236,368, down from Rs. 237,397. Meanwhile, the price of 10 grams of 22 karat gold also saw a reduction, falling to Rs. 216,671 from Rs. 217,614.
Silver Prices
In contrast to gold, silver prices remained stable:
- Per Tola: Rs. 3,350
- 10 Grams: Rs. 2,872.08
International Gold Market Update
In the international market, the price of gold witnessed a drop of $18, bringing it down to $2,639 per ounce from $2,657 per ounce. This decrease reflects global market trends, which can influence local gold prices in Pakistan.
Factors Affecting Recent Gold Price Fluctuations
Several factors have contributed to the recent volatility in gold prices, including:
- Global Economic Uncertainty: Investors often turn to gold as a safe haven during uncertain times, driving up demand and prices.
- Exchange Rate Fluctuations: The Pakistani rupee's performance against the US dollar significantly affects local gold prices.
- Geopolitical Tensions: International tensions can push investors toward precious metals, causing prices to rise.
