Gold Prices Extend Decline In Pakistan, Fell By Rs3,094 Per Tola
• Gold prices in Pakistan fell by Rs3,094 per tola on Monday.
• International gold prices declined by nearly $31 per ounce.
• Silver prices also dropped in both local and global markets.
Gold prices continued their downward trend in Pakistan on Monday, tracking losses in international markets as precious metals came under renewed selling pressure following a sharp decline recorded over the weekend.
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According to rates issued by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola fell by Rs3,094, bringing the new rate down to Rs452,233 compared to Rs455,327 in the previous trading session.
The decline also affected smaller quantities of gold. The price of 10 grams of 24-karat gold dropped by Rs2,785 to Rs386,987 from Rs389,772. Meanwhile, 10 grams of 22-karat gold decreased by Rs2,524, settling at Rs354,919 compared to the previous rate of Rs357,443.
The latest decline follows a much steeper fall on Saturday, when gold prices in the local market plunged by Rs12,489 per tola, signaling increased volatility in the precious metals market.
Market analysts attributed the decline largely to weakness in international gold prices, which directly influence local rates after accounting for currency movements and import-related costs.
In the global market, gold prices fell by approximately $30.95 per ounce, dropping to $4,297.98 per ounce from $4,328.92. According to market data, the international price included a premium of around $20 per ounce.
The decline in global bullion prices was reflected in Pakistan’s domestic market, where traders adjusted rates in line with international trends.
Silver prices also moved lower on Monday. The price of silver per tola in Pakistan declined by Rs94 to Rs7,173 from Rs7,267. Similarly, the price of 10 grams of silver fell by Rs86, settling at Rs6,116 compared to Rs6,202 in the previous session.
On the international market, silver prices also registered losses. The metal declined by $0.944 per ounce to $66.941, down from $67.885 per ounce.
The latest drop in both gold and silver prices comes after a period of strong gains that had pushed precious metals to record levels. Analysts say investors are closely monitoring global economic developments, interest rate expectations and geopolitical events, all of which continue to influence demand for safe-haven assets such as gold.
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