The gold price in Pakistan witnessed a sharp decline on Friday as rates fell significantly in both local and international markets. According to market updates, the gold price in Pakistan dropped by Rs15,500 per tola, reflecting global market pressure and reduced demand.
In the domestic market, the gold price in Pakistan reached Rs476,862 per tola after the major fall during the trading session. Similarly, the price of 10-gram gold also decreased sharply, settling at Rs408,832 after a reduction of Rs13,289.
Experts say the decline in the gold price in Pakistan is closely linked to fluctuations in the international bullion market. A strong downward trend in global prices has directly influenced local rates across Pakistan’s jewellery markets.
On the international front, gold prices fell by $155 per ounce, reaching $4,545, including a $20 premium. This global dip played a key role in pushing down the gold price in Pakistan during the latest trading session.
Market analysts suggest that investors are closely watching global economic indicators, which continue to affect the gold price in Pakistan. Uncertainty in global financial markets has led to frequent ups and downs in bullion prices.
Alongside gold, silver prices also declined in the local market. The per tola silver rate dropped by Rs972, settling at Rs8,232, further reflecting the overall weakness in precious metals.
Financial experts believe that the gold price in Pakistan may remain volatile in the coming days, depending on international market movements, currency stability, and investor sentiment.
