On the opening day of the business week, both gold and silver prices experienced a notable decline in Pakistan, reflecting a broader weakening trend in the global bullion markets. Traders reported that the price of gold per tola in Pakistan decreased by Rs4,900, settling at Rs501,162. Similarly, the rate for 10 grams of gold dropped by Rs4,201, reaching Rs429,665.
This downward movement in local prices closely mirrored the international bullion market, where gold prices fell by $49 per ounce, bringing the value down to $4,788. The global market’s volatility has a direct impact on domestic pricing, as Pakistan’s bullion rates are heavily influenced by international trends.
Alongside gold, silver prices also saw a decline within the country. The price per tola of silver decreased by Rs145 to Rs8,417, while the cost for 10 grams dropped by Rs124, now priced at Rs7,216. Market analysts pointed out that the fall in silver prices is similarly tied to the fluctuations observed in the global bullion sector.
In a significant development for investors and traders, these price adjustments highlight the sensitivity of Pakistan’s precious metals market to global economic factors. The ongoing shifts in international bullion rates continue to play a crucial role in shaping the domestic market landscape.
