Gold prices in Pakistan fell sharply on Friday, following a similar downward trend in international markets. The price of gold per tola dropped by Rs1,595, bringing it down to Rs357,000 in the local market.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the 10-gram gold price also declined by Rs1,368. As a result, it now stands at Rs306,069. This marks a continued drop after Thursday’s Rs460 fall per tola.
Internationally, gold prices also saw a decline. The global gold rate was reported at $3,356 per ounce with a $20 premium. This is a drop of $16 from the previous day, as per APGJSA data.
Meanwhile, silver prices in the local market also dropped. The rate of silver per tola decreased by Rs24, now priced at Rs3,796. This shows a consistent trend of falling precious metal rates.
These price reductions reflect market reactions to global economic signals and investor sentiment. Experts suggest closely watching international trends for future price movements.