Gold prices recorded a modest decline across Pakistan on Friday, reflecting a downward trend in international bullion markets.
Read More: Gold and silver prices decline in Pakistan after recent rise
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola fell by Rs1,496 during the day. Following the decrease, the price of one tola of gold settled at Rs467,816 in local markets.
Similarly, the price of 10 grams of gold dropped by Rs1,323, bringing it down to Rs401,012. The latest adjustment comes after recent fluctuations in gold prices driven by changes in global market conditions and investor sentiment.
Market analysts said domestic gold prices generally move in line with international bullion rates and currency exchange trends. Any increase or decrease in global gold prices is often reflected in local markets, affecting both investors and jewellery buyers.
The decline in local gold prices coincided with a drop in international markets, where the precious metal lost value during trading. According to market data, the global price of gold decreased by $14.68 per ounce, settling at $4,453 per ounce.
Gold remains a popular investment option in Pakistan, particularly during periods of economic uncertainty and inflationary pressures. Many investors view the metal as a safe-haven asset that helps preserve value during market volatility.
Jewellers and traders noted that price movements continue to influence consumer demand, with buyers often adjusting purchasing decisions based on market trends. Lower prices may encourage some consumers to enter the market, especially those planning jewellery purchases or long-term investments.
Experts believe future price movements will depend on a range of factors, including global economic conditions, interest rate expectations, geopolitical developments and fluctuations in the US dollar.
Read More: Gold prices dip slightly while silver records increase in market
Despite the latest decline, gold prices remain at historically elevated levels compared to previous years. Market participants are expected to closely monitor international developments for indications of the metal’s future direction in both global and local markets.