Gold prices in Pakistan recorded a slight decline on Saturday as local rates followed a downward trend in the international market. The per tola price of 24-karat gold dropped by Rs400, reflecting reduced global demand and minor fluctuations in global bullion trading. Moreover, market analysts linked the decline to weakening international gold rates and changing investor sentiment.
According to market data from the bullion association, the new price of 24-karat gold in Pakistan settled at Rs493,662 per tola after the decrease. Similarly, the price of 10 grams of gold also fell by Rs343, reaching Rs423,235 in local trading markets. Consequently, buyers observed a mild relief in gold prices after recent highs in the domestic market.
Read more : Gold prices decline by Rs 400 per tola
Silver prices also followed the downward trend as the per tola rate decreased by Rs12, settling at Rs8,513 in local markets. Traders noted that both gold and silver movements are closely tied to global commodity fluctuations and currency exchange rates. Therefore, any change in international bullion prices directly impacts domestic market values.
In the international market, gold prices fell by $4 per ounce, bringing the global rate down to $4,713. Market experts explained that this slight correction came after a period of steady gains in previous trading sessions. In addition, global investors adjusted their positions amid shifting economic expectations and market uncertainty.
Read more : Gold prices surge by Rs 7,800 per tola –
Jewellers and traders in Pakistan said the decline remained modest and did not significantly affect overall demand for gold jewellery in the short term. However, they cautioned that prices could continue to fluctuate depending on global inflation trends and central bank policies. As a result, buyers and investors continue to closely monitor international market movements.
Overall, the latest price movement reflects ongoing volatility in global precious metal markets, where even small changes in demand and currency strength can influence domestic rates. Analysts believe that gold will likely remain sensitive to international economic signals in the coming days. Therefore, both investors and consumers are expected to stay alert to further price changes.