Gold prices in Pakistan witnessed a notable decline mid-week after reaching record highs, as movements in the international bullion market influenced local trading activity.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola fell by Rs2,900 during the day, bringing the new rate down to Rs540,362 in the local market.
The price of 10 grams of gold also dropped by Rs2,486, settling at Rs463,273, reflecting the downward trend seen in global markets during the same trading session.
Gold Rates in Pakistan
- Per Tola: Rs540,362
- 10 Grams: Rs463,273
- Per Ounce: $5,176
- Per Tola Premium: Rs9,175
22K Gold Price
- Per Tola: Rs479,875
- Per Gram: Rs41,141
- Per 10 Grams: Rs411,418
- Per Ounce: Rs1,166,096
21K Gold Price
- Per Tola: Rs458,062
- Per Gram: Rs39,271
- Per 10 Grams: Rs392,710
- Per Ounce: Rs1,113,091
18K Gold Price
- Per Tola: Rs392,625
- Per Gram: Rs33,661.5
- Per 10 Grams: Rs336,615
- Per Ounce: Rs954,078
The decline comes just a day after a major surge in bullion prices. On Tuesday, the per-tola rate jumped by Rs3,700, pushing the price to Rs543,262, highlighting the strong volatility currently seen in gold trading.
Meanwhile, in the international market, gold prices slipped by $29 per ounce, bringing the global rate to $5,176, including a $20 premium. Analysts say fluctuations in global demand, currency movements, and geopolitical uncertainty continue to influence both international and domestic gold markets.
Market observers note that despite the recent dip, gold prices remain historically high in Pakistan, adding pressure on buyers in the local bullion market, especially ahead of seasonal demand for jewelry and investment purchases.
Also read: Denied Gold Medal, Scholar Takes University to Court
