ISLAMABAD: The price of gold in Pakistan fell for the second consecutive day on Wednesday, tracking declines in international bullion markets.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold dropped by Rs1,000 per tola, bringing it down to Rs419,362. Similarly, 10 grams of 24-karat gold fell by Rs857, settling at Rs359,535.
Meanwhile, 10 grams of 22-karat gold were sold for Rs329,585, marking a decrease of Rs678 compared to the previous day.
On the global market, gold prices slipped by $10 per ounce to $3,970, as a stronger U.S. dollar and cautious investor sentiment continued to weigh on precious metals.
Silver prices, however, remained stable, with 24-karat silver holding at Rs5,022 per tola and Rs4,305 per 10 grams.
Market analysts attributed the ongoing decline in local gold rates to fluctuations in global prices and exchange rate movements, noting that investor demand remains subdued amid economic uncertainty.
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New Pandora’s Box opening for solar consumers
Pakistan’s power distribution companies (Discos) have sought approval from the National Electric Power Regulatory Authority (Nepra) to impose fixed charges on solar net metering users, arguing that the rapid expansion of rooftop solar systems is undermining their financial stability.
The proposal—backed by the Ministry of Energy—suggests levying fixed charges on electricity exported by net metering users to offset financial losses. It comes amid a drop in national grid demand and excess capacity in the gas and power sectors, as high electricity tariffs drive more households and industries toward solar energy.
A previous government plan to slash the solar buyback rate to Rs. 10 per unit faced intense public backlash and was eventually rejected by Prime Minister Shehbaz Sharif.
During Tuesday’s session, Nepra also reviewed multi-year tariff petitions for the 2025–26 to 2029–30 period. Regulators expressed concern over delays in payments to solar users and reprimanded Gepco for the unauthorized installation of advanced metering infrastructure.
