Gold prices in Pakistan fell on Tuesday after a decline in the international bullion market. The gold price drops by Rs2,500 per tola in Pakistan, bringing the new rate to Rs434,963 per tola, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The decrease follows a similar downward trend in global gold prices.
The association also reported that the price of 10 grams of gold declined by Rs2,143, settling at Rs372,887. The latest adjustment reflects changes in international market trends, which continue to influence domestic gold prices on a daily basis.
A day earlier, the local bullion market had witnessed an increase, with the price of gold per tola rising by Rs2,700. However, Tuesday’s decline reversed those gains as international precious metal prices moved lower.
In the global market, the price of gold fell by $25 per ounce, taking the international rate to $4,125 per ounce, including a premium of $20. Analysts say international price movements remain one of the key factors affecting Pakistan’s bullion market.
The decline in gold prices may provide some relief to jewellery buyers and investors who closely monitor fluctuations in the precious metals market. However, traders believe that future prices will continue to depend on global economic developments, inflation expectations, and central bank policies.
Silver prices also recorded a decline in the domestic market. The price of silver fell by Rs120 per tola, bringing the new rate to Rs6,559 per tola, reflecting the broader weakness in international precious metals.
Market experts expect gold prices to remain volatile in the coming days as investors keep a close watch on global financial conditions and international demand. Any significant changes in economic indicators or monetary policy could influence the direction of bullion prices both globally and in Pakistan.
