Gold prices in Pakistan fell sharply on Friday as the precious metals market experienced renewed volatility following declines in the international bullion market.
According to the latest market data, the price of gold per tola dropped by Rs2,800, bringing the new rate to Rs537,162. Meanwhile, the price of 10 grams of gold also declined by Rs2,401, settling at Rs460,529 in local markets.
The downward trend comes as global bullion prices continue to fluctuate. International gold prices fell by $28 per ounce, bringing the global rate down to $5,144. Analysts say the drop in international prices directly influenced the domestic market, putting additional pressure on gold rates across Pakistan.
Recent price data shows that gold has experienced several fluctuations over the past few weeks. On February 26, the price per tola stood at Rs540,562, while on February 25 it was recorded at Rs541,262. Earlier in the week, the rate was Rs539,962 on February 24 and Rs536,562 on February 23, reflecting the market’s ongoing volatility.
While gold faced a notable decline, silver prices also moved downward. The price of silver per tola dropped by Rs194, reaching Rs8,810 in the local market.
Market experts say the latest fall highlights the continued uncertainty in the global precious metals market. With international prices fluctuating and investor sentiment shifting, traders are closely watching how gold and silver prices will move in the coming days.
Also read: Gold Prices Decline Sharply in Pakistan
