Gold prices in Pakistan fell sharply on Saturday, following declines in the international market. The local gold rate per tola dropped by Rs600 to Rs481,862. Similarly, 10-gram gold fell by Rs515, reaching Rs413,118, according to the All-Pakistan Gems and Jewellers Sarafa Association.
The international gold price also declined by $6, falling to $4,595 per ounce, with an additional $20 premium. Analysts said global demand slowdown and investor caution triggered the fall. Meanwhile, silver prices also fell by Rs43 per tola to reach Rs9,482.
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On Friday, the local gold rate remained stable at Rs482,462 per tola. Traders noted that fluctuations in international markets directly affect local gold rates. They advised investors to monitor trends carefully before buying or selling.
Gold and silver continue to serve as safe-haven assets amid economic uncertainty. Experts say seasonal demand and global market factors can further influence prices. They also highlighted that small daily changes accumulate into significant gains or losses.
Read more: Gold prices remain unchanged in local market
Investors and jewelry buyers are advised to check rates regularly at trusted local dealers. The market is expected to remain sensitive to global economic signals in the coming days. Consumers should stay informed before making large purchases.