Gold prices in Pakistan recorded a slight decline on Saturday, ending the week on a weaker note after posting a sharp increase in the previous trading session. International bullion prices also edged lower, contributing to the drop in local market rates.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of one tola of gold fell by Rs1,100, bringing the new rate to Rs439,836. Similarly, the price of 10 grams of gold decreased by Rs943, settling at Rs377,088.
The latest decline comes just a day after gold prices surged by Rs12,200 per tola on Friday, when the precious metal reached Rs440,936. The recent fluctuation reflects ongoing volatility in both local and international bullion markets.
In the global market, gold prices also witnessed a modest decline. The international price of the precious metal dropped by $11, with gold trading at $4,174 per ounce during the latest session.
Silver prices also moved lower alongside gold. The price of silver per tola declined by Rs48, taking the new rate to Rs6,716.
Market experts say precious metal prices continue to fluctuate due to changing international market trends, currency movements, and investor sentiment. Buyers and investors are expected to keep a close watch on global developments, which could influence gold and silver prices in the coming days.
Also Read: Gold Prices Drop Sharply Following Global Decline
