Gold prices declined sharply in both international and local markets on Friday, while silver recorded gains. In Pakistan, the price of gold per tola fell by Rs2,700, reflecting continued volatility in the bullion market. The movement follows recent fluctuations driven by global price changes.
According to the All-Pakistan Gems and Jewellers Sarafa Association, gold per tola dropped to Rs494,062 in the local market. The price of 10 grams of gold also decreased by Rs2,315 to Rs423,578. Internationally, gold per ounce fell by $27 to $4,717, contributing to the local downturn.
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In contrast, silver prices moved upward in domestic trading. The price of silver per tola increased by Rs80 to Rs8,525, while 10 grams rose to Rs7,308. The gains in silver came despite mixed trends in other precious metals.
Global silver markets also showed strength, with spot silver rising 2.3 percent. Platinum and palladium also recorded modest gains, although palladium remained on track for a weekly loss. Analysts say shifting investor sentiment is driving mixed movements across precious metals.
Read more: Gold prices surge by Rs 7,800 per tola
The bullion market has seen frequent ups and downs over recent days. Earlier sessions showed sharp gains in gold prices, followed by repeated corrections. Experts suggest continued volatility is likely as global economic signals and demand trends remain uncertain.