The downward trend in gold prices continued in Pakistan today, with the per tola price dropping by another Rs100. According to the All Pakistan Gems and Jewellers Association, the new price of one tola of gold stands at Rs352,900.

Similarly, the price of 10 grams of gold decreased by Rs86, bringing it down to Rs302,555. This follows a significant drop just a day earlier, when the per tola rate fell by Rs2,000.

Global Gold Reserves: Who Holds the Most?

On the global stage, the United States holds the largest gold reserves, while in Asia, China tops the list. India ranks eighth globally and second in Asia. Pakistan, meanwhile, is positioned 49th in the world in terms of gold reserves.

According to the World Gold Council, the leading countries in terms of national gold reserves are the U.S., Germany, and Italy. Within Asia, China and India dominate.

In 2024 alone, central banks around the world collectively purchased over 1,000 metric tons of gold—nearly double the annual average over the past decade. This trend highlights the growing role of gold as a strategic asset for countries amid global economic uncertainties.

Due to this increased buying activity, central banks now hold approximately one-fifth of all gold ever mined throughout history, making them some of the largest institutional holders of gold worldwide.