Gold prices in Pakistan experienced a decline for the second consecutive day on Saturday, reflecting a downward trend in international markets. The All Pakistan Sarafa Gems and Jewellers’ Association reported that the price of gold decreased by Rs400 per tola, settling at Rs493,662. This continued drop highlights the sensitivity of the local market to global price movements.
In addition to the tola measurement, the price for 10 grams of gold also saw a reduction, falling by Rs343 to reach Rs423,235. These changes come amid a broader context of fluctuating commodity prices worldwide, where investors often react to various economic indicators and geopolitical developments.
Meanwhile, the international spot gold price edged lower by $4 per ounce, closing at $4,713. This global dip in gold prices has a direct impact on Pakistan’s bullion market, as local dealers adjust their rates accordingly. Silver prices in the domestic market also followed this downward trend, with the price per tola dropping by Rs12 to Rs8,513.
Market experts and bullion dealers noted that the ongoing volatility in global gold prices continues to influence Pakistan’s precious metals market. These fluctuations underscore the interconnectedness of local and international markets, where global economic conditions play a crucial role in shaping domestic price trends.
