Gold Prices Drop Rs1,469 Per Tola in Pakistan
- Gold price falls by Rs1,469 per tola in Pakistan.
- International gold prices decline by nearly $15 per ounce.
- Silver prices also record notable losses in local and global markets.
Gold prices witnessed a significant decline in Pakistan on Friday as weakness in the international bullion market pushed local rates lower, providing some relief to buyers after recent price volatility.
According to rates issued by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola dropped by Rs1,469 to settle at Rs467,816, compared to Rs469,285 recorded on the previous trading day.
Also Read:
The decline was also reflected in gram-based rates. The price of 10 grams of 24-karat gold decreased by Rs1,323 to Rs401,012 from Rs402,335, while 10 grams of 22-karat gold fell by Rs1,197 to Rs367,624 from Rs368,821.
The downward trend in Pakistan followed losses in the international bullion market, where gold prices fell by around $14.7 per ounce. International gold was last reported at approximately $4,453.8 per ounce, down from about $4,468.5 in the previous session.
Market analysts said the decline was largely driven by changing global investor sentiment, profit-taking by traders and fluctuations in demand for safe-haven assets. Gold prices have remained highly sensitive to developments related to interest rate expectations, inflation trends and geopolitical tensions across major economies.
Despite ongoing uncertainty in global markets, some investors shifted funds toward equities and other risk assets during the latest trading session, putting pressure on precious metals.
Silver prices also moved lower in both local and international markets. In Pakistan, the price of silver per tola fell by Rs67 to Rs7,730 from Rs7,797. Similarly, the price of 10 grams of silver declined by Rs61 to Rs6,623 from Rs6,684.
In the international market, silver prices dropped by $0.669 per ounce to $72.520, compared with $73.189 in the previous session.
The latest decline comes after a period of strong gains in precious metals, which have been supported in recent months by global economic uncertainty, central bank purchases and geopolitical tensions. However, analysts note that short-term corrections remain common after sharp rallies.
Jewellers and bullion traders say demand in Pakistan remains mixed, with many buyers adopting a wait-and-see approach amid fluctuating prices. Wedding-season demand and investment interest continue to support the market, but elevated price levels have limited large-scale retail buying.
Read all the Breaking News Live on pakistantimes.com and Get Latest English News & Updates from Pakistan Times. Follow us on Whatsapp channel for more.
