Gold prices in Pakistan fell on Wednesday in line with a decline in international markets. The per tola price dropped by 1,100 rupees, bringing it down to 491,362 rupees in the local market. The decrease reflects continued volatility in global bullion trading.
According to the All Pakistan Gems and Jewellers Association, the price of 10 grams of gold also fell by 943 rupees to 421,263 rupees. Market data shows that local rates closely followed international price movements during the trading session.
Read more: Gold prices increase by Rs 4,100 per tola
Meanwhile, the global gold rate decreased by 11 dollars to reach 4,690 dollars per ounce. Analysts say fluctuations in global demand and investor sentiment continue to influence bullion prices. The movement highlights ongoing uncertainty in international commodity markets.
Earlier in the day, gold prices had shown an increase of 4,100 rupees per tola before reversing direction. This volatility reflects rapid shifts in trading trends and global economic signals. Investors are closely monitoring inflation and geopolitical developments affecting safe-haven demand.
Read more: Gold prices drop sharply by Rs5,300 per tola in Pakistan
In contrast, silver prices moved upward in the local market, gaining 231 rupees per tola. The increase brought silver to 9,139 rupees per tola. Market participants expect continued fluctuations in precious metals in the coming days.