The price of gold in Pakistan continued to fall for the fifth straight day on Friday, following a decline in international rates. The downward trend has affected both 24-carat and 22-carat gold in the local market.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-carat gold dropped by Rs 2,000 per tola, reaching Rs 431,862. In smaller units, 10 grams of 24-carat gold were sold at Rs 370,252, down by Rs 1,714. Meanwhile, 10 grams of 22-carat gold declined by Rs 1,571 to Rs 339,410.
The international gold market also witnessed a decline, with global prices falling by $20 per ounce to $4,095. Experts attribute the drop to a stronger U.S. dollar and cautious investor sentiment, which continues to influence gold prices worldwide.
Silver prices also experienced declines, following the same trend as gold. The rate of 24-carat silver per tola decreased by Rs 43 to Rs 5,067, while 10 grams of silver were sold at Rs 4,344.
Analysts say fluctuations in the interbank exchange rate and uncertainty in global demand are key factors affecting the local precious metals market. Investors are expected to monitor both international trends and domestic currency movements closely in the coming days.
The ongoing decline in gold prices reflects cautious investor behavior and signals potential adjustments in market strategies. Jewelers and traders are advised to remain vigilant as global economic indicators continue to impact local pricing.
In other related news also read Gold Set for Biggest Weekly Surge Since 2008
Overall, the trend highlights how closely Pakistan’s gold market is tied to global economic conditions, currency strength, and investor confidence. Both gold and silver remain under pressure as international market forces continue to shape local rates.
