Gold prices in Pakistan declined on Friday, following a drop in international markets. The price per tola fell by Rs1,000 to reach Rs467,262. Meanwhile, 10-gram gold decreased by Rs858, closing at Rs400,601, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Thursday, gold had already dropped sharply, losing Rs11,000 per tola in a single day. The continued decline reflects weakening demand and downward pressure from global prices. Market analysts attribute the fall to international gold trends and investor caution.
Globally, gold prices fell by $10 to $4,445 per ounce, with an additional $20 premium. This international dip directly influenced Pakistan’s local rates, keeping trading activity subdued. Traders continue to monitor global developments for further price movement.
Silver prices also declined, with the metal dropping Rs30 per tola to Rs7,454. Both gold and silver remain sensitive to international market shifts, with jewelers and investors closely tracking daily rates.
Experts say short-term volatility in precious metals may persist. Seasonal demand, global economic factors, and market speculation could further affect local gold and silver prices in the coming days.
