Gold prices in Pakistan registered a noticeable decline on Tuesday, reflecting a downward trend in the international bullion market. The drop comes as investors globally reassess market conditions, interest rate expectations, and currency movements, all of which continue to influence precious metal prices.
In the local market, the price of gold fell by Rs. 1,200 per tola, bringing the closing rate to Rs. 466,762. The decrease was recorded across major cities, including Karachi, Lahore, and Islamabad, where bullion rates generally move in line with international trends and currency fluctuations.
Similarly, the price of 10-gram gold declined by Rs. 1,028, settling at Rs. 400,173. The updated rates were released by the All-Pakistan Gems and Jewellers Sarafa Association, which regularly provides official pricing benchmarks for the domestic market.
Market participants said the decline was largely driven by movements in the global gold market. In international trading, gold prices dropped by $12 per ounce and were quoted at $4,444, including a premium of $20. Analysts noted that changes in global demand, profit-taking by investors, and expectations around monetary policy in major economies played a role in the price adjustment.
Despite the fall, gold continues to hold its position as a preferred safe-haven asset, particularly in countries like Pakistan where it is widely used for savings, investment, and jewellery. Traders said buying interest may increase if prices decline further, especially ahead of the wedding season and periods of higher consumer demand.
In contrast to gold, silver prices in the local market remained unchanged. The price of silver stood steady at Rs. 8,361 per tola, indicating relative stability in comparison to gold’s volatility. Dealers said silver demand has remained moderate, with limited speculative activity.
Experts believe gold prices may continue to fluctuate in the coming days, depending on developments in the international market, movements in the US dollar, and global economic signals. Consumers and investors have been advised to closely monitor daily rates before making purchasing or investment decisions.
Also read: Gold Rates in Pakistan Today
