The gold price in Pakistan witnessed a decline on Friday, following a downward trend in the international bullion market. The decrease reflects ongoing volatility in global commodity prices, impacting local trading activity.
According to market data shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the gold price in Pakistan per tola fell by Rs2,900, bringing it down to Rs490,862 in the local market.
Similarly, the price of 10-gram gold also dropped by Rs2,486, settling at Rs420,835. This decline comes after a previous fall of Rs5,200 per tola recorded a day earlier, showing continued pressure on the precious metal.
The gold price in Pakistan is closely linked with international market movements. On the global front, gold prices decreased by $29 per ounce, reaching $4,685, including a premium of $20.
Market analysts suggest that fluctuations in global demand, interest rate expectations, and investor sentiment are contributing to the volatility in gold prices. These factors continue to influence both international and domestic markets.
Alongside gold, silver prices also declined in the local market. The price of silver per tola fell by Rs142, bringing it down to Rs7,957, reflecting broader weakness in precious metals.
Overall, the latest trend in the gold price in Pakistan indicates short-term market instability, with traders closely monitoring international developments for future direction.
