The gold price in Pakistan witnessed a decline on Tuesday, reflecting a broader downturn in the international bullion market. According to market data, the gold price in Pakistan fell by Rs1,000 per tola during the day.
Following the latest adjustment, the gold price in Pakistan reached Rs500,162 per tola in the local market. The drop comes after a series of fluctuations in global precious metal markets, impacting domestic rates.
Similarly, the price of 10-gram gold also decreased, with rates settling at Rs428,808 after a reduction of Rs857, as reported by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Market experts noted that the gold price in Pakistan is closely tied to international trends. On Monday, the per tola rate had already dropped significantly, showing continued volatility in the bullion market.
Internationally, gold prices also recorded a decline, with a drop of $10 per ounce. The global rate settled at $4,778 per ounce, including a premium of $20, further influencing local pricing trends.
In addition to gold, silver prices also moved downward in the domestic market. The silver rate decreased by Rs59 per tola, bringing it to Rs8,358, reflecting broader commodity market pressure.
Analysts suggest that fluctuations in the gold price in Pakistan are likely to continue in the coming days, depending on global economic conditions and currency movements.
