Gold prices in Pakistan recorded a notable decline on Saturday, reflecting losses in the international bullion market. The price of gold per tola fell by Rs3,400, bringing the new rate down to Rs533,762.
According to the latest market data, the price for 10 grams of gold also decreased by Rs2,915. After the reduction, the rate for 10 grams now stands at Rs457,614, indicating continued volatility in the precious metals market.
The decline follows another drop recorded a day earlier. On Thursday, gold prices had already slipped by Rs2,800 per tola, settling at Rs537,162. The consecutive decreases suggest that the market has been experiencing significant fluctuations over the past few days.
Market analysts attribute the downward trend mainly to developments in the international gold market. Globally, the price of gold dropped by $34 per ounce, reaching $5,110. Since Pakistan’s local gold prices are closely linked to global bullion rates, any movement in international markets quickly affects domestic prices.
Meanwhile, the price of silver moved in the opposite direction. Silver rates surged by Rs104 per tola, pushing the price to Rs8,914. The increase in silver prices has added another layer of uncertainty to the overall precious metals market.
Updated rates for different categories of gold also reflect the market movement. The price of 22-karat gold per tola stands around Rs473,000, while 21-karat gold is priced near Rs451,500 per tola. Similarly, 18-karat gold is currently valued at approximately Rs387,000 per tola, according to the latest bullion market updates.
Also read: Gold Prices Decline Sharply in Pakistan
