Gold prices saw a sharp decline in both international and domestic markets on Saturday. According to market reports, the international bullion price fell by $106 per ounce, bringing it down to $4,252. In Pakistan, the price of gold per tola dropped by Rs 10,600 to Rs 446,300, while the rate for ten grams fell by Rs 9,088 to Rs 382,630. Earlier on Friday, Gold prices surged sharply in both international and local markets, reaching unprecedented levels amid geopolitical tensions and strong demand. Spot gold prices surpassed $4,300 per ounce for the first time on Thursday, gaining 7.6% this week amid renewed US-China trade tensions and expectations of a US interest rate cut. The impact was mirrored locally. In Pakistan’s bullion markets, the price of 24-carat gold per tola rose by Rs14,100 to Rs 456,900, while per 10 grams of gold increased by Rs 12,089, reaching Rs 391,718, both record highs. Silver prices also climbed, with per tola silver rising Rs 167 to Rs 5,504, and per 10 grams silver increasing Rs143 to Rs 4,718.
Gold prices plunge in global, local markets
Published on: October 19, 2025 12:34 AM