Gold prices in Pakistan witnessed a notable decline as international bullion markets experienced a broader downturn. The latest drop reversed the small gains recorded in the previous trading session, reflecting continued volatility in both local and global markets.
According to market data, the price of 24-karat gold per tola fell by Rs2,300, bringing the new rate down to Rs452,963. Similarly, the price of 10 grams of gold decreased by Rs2,070, settling at Rs387,615 in the local market.
The decline comes shortly after a brief increase in gold prices, when rates had risen by Rs100 per tola to reach Rs455,236. However, that upward trend proved short-lived as selling pressure returned in international trading.
In the global market, gold prices dropped by $23 per ounce during the day, bringing the international rate to $4,305 per ounce, including a $20 premium. Analysts link the decline to shifting investor sentiment and adjustments in global financial markets.
Silver prices also followed a downward trend alongside gold. In Pakistan’s local market, silver declined by Rs144 per tola, with the new price settling at Rs7,359. The movement reflects a synchronized drop across precious metals.
Experts note that gold prices in Pakistan closely track international market movements, with additional influence from currency exchange rates and local demand conditions. The latest decline highlights how global economic trends continue to directly impact domestic bullion pricing.
