The gold price in Pakistan declined on Friday as international bullion markets recorded fresh losses. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold fell by Rs1,400 per tola, bringing the new rate to Rs432,436 in local markets.
The association also reported a decline in the price of 10 grams of gold. After falling by Rs1,200 during the day, the price of 10-gram gold settled at Rs370,744, reflecting the downward trend seen in global precious metal markets.
The latest decrease comes just a day after gold prices registered a sharp increase. On Thursday, the price of one tola of gold had climbed by Rs3,600 to reach Rs433,836, highlighting the continued volatility in the bullion market.
Internationally, gold prices also moved lower. The global price of the precious metal declined by $14, taking the rate to $4,100 per ounce, including a premium of $20. Analysts said fluctuations in international markets continue to influence domestic gold prices in Pakistan.
While gold became cheaper, silver prices moved in the opposite direction. The price of silver increased by Rs11 per tola, reaching Rs6,432 in the local market, according to the latest rates issued by the jewellers’ association.
Market experts say precious metal prices remain sensitive to global economic developments, currency movements and investor sentiment. Any changes in international demand or monetary policy expectations can quickly affect local bullion prices.
Traders expect gold prices to remain volatile in the coming days as investors closely monitor international market trends. Consumers planning to buy jewellery or invest in bullion are advised to keep track of daily price updates before making purchasing decisions.
