Gold prices in Pakistan recorded a decline on Friday after the Eid holidays. The market showed a downward trend following earlier fluctuations.
According to the All Pakistan Sarafa Gems and Jewelers Association, Gold prices per tola decreased by Rs. 500. The new price settled at Rs. 474,862 per tola.
The price of 10 grams of Gold also dropped in the local market. It fell by Rs. 429 to reach Rs. 407,117.
Earlier in the week, Gold had already shown signs of weakness. On Tuesday, prices fell by Rs. 2,400 per tola. The rate then settled at Rs. 475,362.
Market analysts say the recent decline reflects global and local pressure on precious metals. Demand patterns also changed after the Eid break.
In the international market, Gold prices also moved downward. The price decreased by $5 per ounce. It settled at $4,525 per ounce.
The global trend has also influenced the local Gold market in Pakistan. Changes in international rates often affect domestic pricing.
Traders say the market is still adjusting after holiday activity. Buying and selling remained limited during the Eid period.
As a result, Gold trading volumes were lower than usual. This contributed to short-term price fluctuations.
Silver prices also followed a similar pattern. Silver fell by Rs. 83 per tola in the local market.
The new silver price settled at Rs. 8,034 per tola on Friday. This shows a broader trend of softness in precious metals.
Experts believe Gold prices may continue to fluctuate in the coming days. Market stability depends on international economic conditions and demand levels.
Investors are closely watching global signals before making new decisions. Currency movements and inflation trends also play an important role.
Despite the recent decline, Gold remains a key investment option in Pakistan. Many buyers still consider it a safe asset during economic uncertainty.
In other related news also read Gold Prices Remain Volatile Amid Global Uncertainty
Overall, the Gold market has shown mild pressure after Eid. Both local and international factors are influencing price movements.
