Gold prices in Pakistan fell sharply on Saturday, dropping Rs9,100 per tola amid international market declines.
The rate per tola reached Rs430,662, while 10-gram gold sold at Rs369,223 after a fall of Rs7,799. Silver also declined, losing Rs209 per tola to settle at Rs5,313, according to local associations. The All-Pakistan Gems and Jewellers Sarafa Association reported the decrease following a $91 drop in global gold rates.
Read more: Gold price drops Rs3,300 per tola in Pakistan
Gold per ounce fell to $4,083, with a $20 premium, reflecting global market volatility. On Friday, gold per tola had dropped Rs3,300 to Rs439,762, showing a sharper fall on Saturday. Investors reacted quickly as international price trends influenced local markets. Traders noted strong selling pressure amid cautious buying.
Jewellers advised customers to monitor prices before investing, citing potential further declines due to global economic uncertainty. Analysts said the drop could affect local jewelry and gold trading sectors, possibly slowing retail sales temporarily. They added that silver prices followed gold’s trend, highlighting strong links between international metals markets and Pakistan.
Read more: Gold price falls Rs1,000 per tola in Pakistan
Finally, experts encouraged buyers and investors to watch global updates, as gold and silver remain sensitive to currency and stock market changes.
They noted that future government policies, international demand, and economic indicators could influence prices in the coming weeks.