Gold prices in Pakistan extended their losing streak on Wednesday, falling for the third consecutive day in line with weaker international bullion markets. The price of gold per tola dropped by Rs5,200, while global gold prices declined by $52 per ounce, reflecting continued pressure on precious metals.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the domestic price of gold per tola fell to Rs419,636. Meanwhile, the price of 10 grams of gold declined by Rs4,458, settling at Rs359,770 as local rates tracked the downward trend in international markets.
In the global bullion market, gold prices slipped to $3,972 per ounce after losing $52 during the trading session. Analysts said the decline in international prices continued to influence local bullion rates, leading to another notable reduction in Pakistan’s gold market.
Silver prices also moved lower on Wednesday. The price of silver per tola fell by Rs107 to Rs6,242, while the price of 10 grams of silver decreased by Rs92 to Rs5,351, reflecting broad weakness across precious metals.
The latest decline follows losses recorded earlier this week. On Tuesday, gold prices fell by $41 per ounce internationally, while the domestic price of gold per tola dropped by Rs4,100 to Rs424,836. At the time, however, silver prices posted modest gains despite weakness in gold.
Monday also witnessed a decline in gold prices in Pakistan, with per tola gold falling by Rs2,300 to Rs428,936 after international markets reacted to geopolitical developments and expectations of higher global interest rates. Silver prices also recorded losses during that session.
The three-day downward trend highlights the close connection between Pakistan’s bullion market and global price movements. Market participants will continue monitoring international economic developments and investor sentiment, as both remain key factors influencing gold prices in Pakistan in the coming days.
