The gold price in Pakistan recorded a noticeable decline on Thursday, with the price of 24-karat gold falling by Rs1,800 per tola following weakness in the international bullion market.
According to the latest market rates, one tola of 24K gold is now priced at Rs432,036, while the price of 10 grams of 24K gold has dropped by Rs1,543, bringing it down to Rs370,401.
The decline comes after a sharp correction in the local precious metals market, reflecting changing trends in global gold prices. In the international market, gold lost $18 per ounce, taking its price to $4,096 per ounce, including a premium of $20. The fall in global prices directly influenced the domestic market, resulting in lower rates across Pakistan.
Latest bullion rates also show that 22K gold is available at Rs394,625 per tola, while 21K gold is trading at Rs376,687 per tola. Meanwhile, 18K gold is priced at Rs322,870 per tola.
Silver prices also moved lower alongside gold. The price of one tola of silver declined by Rs33, settling at Rs6,370, indicating a broader downward trend in the precious metals market.
Market experts believe the gold price in Pakistan will continue to fluctuate in line with international bullion movements. Factors such as global economic conditions, inflation expectations, central bank policies, and investor demand are expected to play a key role in determining future price trends.
As international markets remain volatile, analysts advise buyers and investors to closely monitor global developments before making purchasing or investment decisions. Any major shift in worldwide bullion prices is likely to have an immediate impact on local gold and silver rates in Pakistan
Read more: Big Increase in Gold Prices in Pakistan
