Gold prices in Pakistan fell sharply on Saturday, following a decline in international markets. The price per tola dropped by Rs4,700 to reach Rs455,562. Similarly, 10-gram gold fell by Rs4,030 to Rs390,570, the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported.
On Friday, gold had gained Rs5,700 per tola, closing at Rs460,262. The sudden drop comes as global gold prices declined by $47, settling at $4,332 per ounce with a $20 premium. Analysts say international market trends directly influence local prices.
Read more: Gold prices surge by Rs 5,700 per tola
Silver prices also fell, with a decrease of Rs106 per tola, bringing it down to Rs7,756. Dealers attributed the decline to fluctuations in global demand and currency movements. Precious metals continue to remain sensitive to global economic factors.
Experts advised investors to monitor international trends before making purchases. They noted that local demand and seasonal buying patterns can also impact prices in Pakistan’s markets.
Read more: Gold prices surge by Rs 5,700 per tola
The APGJSA continues to provide daily updates on gold and silver rates across major cities. Traders expect moderate fluctuations in coming days as the market stabilizes.