Gold prices in Pakistan recorded a sharp decline on Monday as local and international markets moved downward simultaneously. The price of 24-karat gold fell by Rs5,300 per tola, bringing relief to buyers after recent record highs. Meanwhile, jewellers reported that the downward trend also reflected weaker global demand and market adjustments.
In addition, the price of 10 grams of gold decreased by Rs4,544 and settled at Rs418,961 in the local market. This decline followed pressure from international bullion rates, which also showed a significant drop during the trading session. As a result, traders observed increased activity from small buyers looking to benefit from lower prices.
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Moreover, the international gold market registered a decline of $53 per ounce, setting the new rate at $4,660 per ounce. Analysts linked this fall to shifting investor sentiment and uncertainty in global economic conditions. Consequently, bullion markets experienced increased volatility as traders reacted to changing global signals.
Furthermore, the All Pakistan Sarafa Association confirmed that silver prices remained stable despite the fall in gold rates. The price of silver per tola stayed unchanged at Rs8,513, showing limited movement in the secondary precious metals market. This stability indicated that only gold faced strong selling pressure during the session.
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Meanwhile, market experts suggested that fluctuations in global supply and demand continue to influence local pricing trends. In addition, currency movements and international trade concerns also played a role in shaping current market behavior. Therefore, investors remain cautious while monitoring further changes in precious metal rates.
Overall, the latest decline has brought temporary relief to consumers but reflects ongoing uncertainty in global commodity markets. Traders expect prices to remain volatile in the coming days depending on international economic developments. Ultimately, market direction will depend on global demand and financial stability trends.