Gold prices edged lower on Tuesday in both international and local markets. The decline came as investors adjusted to changing market conditions.
In the global bullion market, gold fell by $15 per ounce. It settled at $5,082. This drop mirrored trends in Pakistan’s domestic market.
In Pakistan, the price of gold per tola dropped by Rs1,500 to Rs530,562. The price of 10 grams fell by Rs1,286, closing at Rs416,980. Analysts said global fluctuations and investor sentiment influenced the decline.
Silver, in contrast, continued to gain. In the local market, silver per tola rose by Rs212, reaching a new peak of Rs11,640. The price of 10 grams increased by Rs182 to Rs9,979.
Experts explained that gold and silver often move in opposite directions. While gold lost some value, silver demand remained strong. Traders said the increase in silver prices reflected safe-haven buying and industrial demand.
Analysts noted that global economic factors are affecting bullion markets. Gold prices were influenced by changes in U.S. interest rates and currency fluctuations. Meanwhile, silver benefited from rising industrial demand and investment interest.
Market watchers advised investors to monitor trends closely. The mixed movement suggests caution in buying or selling gold. Silver may continue to rise if demand remains strong.
Gold and silver trends also affect jewelry and investment markets in Pakistan. Jewelers adjust their prices daily based on international bullion rates. Retail buyers are closely watching these changes to plan purchases.
Economists say that short-term price fluctuations are normal. They noted that gold remains a reliable store of value despite small declines. Investors often balance their portfolios with silver when gold prices dip.
Overall, Tuesday’s market session showed a mild decline in gold prices and steady gains in silver. Traders and analysts will watch upcoming economic reports for further direction. Read our full update on Gold Price in Pakistan Hits Unbelievable Rs500,000 Milestone to see how the market is moving.
The mixed trend highlights the importance of tracking both metals. Gold prices may rebound if global markets stabilize, while silver could maintain upward momentum in the near term.
