Gold prices in Pakistan recorded a fresh decline on Saturday, providing some relief to buyers after bullion rates remained near historic highs in recent weeks. The drop follows weakness in international gold markets despite ongoing geopolitical tensions in the Middle East.
According to the latest market rates, the price of 24-karat gold stands at Rs424,500 per tola, while 22-karat gold is being sold at around Rs389,235 per tola. The price of 24-karat gold per 10 grams is Rs363,950, reflecting the latest adjustment in the local bullion market.
Market data shows that the domestic price of 24-karat gold has fallen by around Rs1,500 to Rs3,600 per tola, depending on the reporting source and local market updates. The decline is linked to softer international bullion prices, where gold has recently come under pressure despite continued geopolitical uncertainty.
Internationally, spot gold is trading near $4,020 per ounce, with investors closely monitoring developments in the Middle East and expectations regarding interest rates. While geopolitical risks typically support demand for gold as a safe-haven asset, stronger expectations of higher interest rates have limited recent price gains.
Gold prices in Pakistan are influenced by international bullion rates and fluctuations in the exchange rate. As a result, local prices can change daily based on global market movements and domestic demand.
Jewellers and market analysts advise buyers and investors to monitor daily gold rates before making purchases, as prices remain volatile amid changing global economic conditions and regional tensions.
Also read: Big Increase in Gold Prices in Pakistan
