Gold rates in Pakistan witnessed a modest decline on Friday, following a downward trend in the international bullion market. The price of gold per tola settled at Rs540,562, down by Rs700, while the rate for 10 grams dropped by Rs600, closing at Rs463,444.
This dip follows a surge earlier in the week, when gold per tola had jumped by Rs1,300 to Rs541,262. Analysts attributed the latest decline to falling global gold prices, which dropped by $7 per ounce, bringing the international rate to $5,178 per ounce.
Locally, the 22-karat gold price stands at Rs483,541.67 per tola, Rs41,456.25 per gram, and Rs414,562.50 per 10 grams. The 21-karat gold rate is Rs461,562.50 per tola, Rs39,571.88 per gram, and Rs395,718.75 per 10 grams. Meanwhile, 18-karat gold is priced at Rs395,625 per tola, Rs33,918.75 per gram, and Rs339,187.50 per 10 grams.
Silver prices also fell alongside gold. The rate for silver per tola decreased, reaching Rs9,204, reflecting a mild correction in the local precious metals market.
Investors and traders in Pakistan continue to monitor global trends closely, as fluctuations in international gold and silver markets directly impact local prices. Economic analysts say these variations are normal and often follow short-term global price adjustments.
The latest drop provides an opportunity for potential buyers to invest at slightly lower rates after mid-week surges. Meanwhile, market participants are keeping an eye on geopolitical developments and currency fluctuations that may influence further price movements.
Also read: Gold Prices Rise in Pakistan Again
