Gold prices in Pakistan fell significantly on Thursday, with the rate of one tola dropping by Rs2,300. The decline followed losses in international bullion markets and brought relief to potential buyers. The price change affects investors, traders, and consumers tracking precious metal trends.
According to the All-Pakistan Gems and Jewellers Sarafa Association, gold was sold at Rs452,963 per tola after the latest decrease. Meanwhile, the price of 10 grams of gold declined by Rs2,070 to reach Rs387,615. The drop reversed the modest gains recorded in the previous trading session.
The decline in local prices mirrored movements in the global market. International gold prices fell by $23 per ounce during the day. As a result, the global rate settled at $4,305 per ounce, including a premium of $20.
Market analysts often link domestic gold prices to fluctuations in international bullion markets and currency movements. Therefore, changes in global demand, economic uncertainty, and investor sentiment continue to influence local rates. Traders closely monitor these factors when assessing short-term price trends.
Silver prices also moved lower alongside gold. The price of silver dropped by Rs144 per tola, settling at Rs7,359. The latest decline highlights continued volatility in precious metals markets as investors respond to changing global economic conditions.