The prices of gold and silver in Pakistan continued their downward trend for the fourth consecutive day, reflecting similar movements in the international bullion market. According to the All Pakistan Sarafa Gems and Jewellers Association, the cost of 24-karat gold per tola fell by Rs1,800, bringing the new rate to Rs522,762, impacting traders and investors nationwide.
Similarly, the price of 10 grams of 24-karat gold decreased by Rs1,543, settling at Rs448,184, while 10 grams of 22-karat gold dropped by Rs1,414 to Rs410,850. Analysts noted that rising global uncertainty and currency fluctuations have contributed to the continued decline.
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In the international market, gold prices also experienced a drop, falling by $18 per ounce to $5,000. The decrease signals broader global trends affecting precious metals, which are influenced by investor sentiment, inflation concerns, and fluctuations in the U.S. dollar.
Silver prices in Pakistan mirrored the decline, with 24-karat silver per tola falling by Rs100 to Rs8,441. Likewise, 10 grams of silver were sold at Rs7,236, down by Rs86, reflecting continued weakness in global silver markets and local trading sentiment.
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Market observers said the recent decline in gold and silver may create buying opportunities for small investors, while traders remain cautious amid ongoing economic uncertainties and fluctuations in global commodity prices. They also noted that the trend could continue depending on international market movements and domestic demand.
The trade body urged investors to stay updated on market developments and monitor daily price changes closely. Meanwhile, both gold and silver continue to attract interest as safe-haven assets, especially during periods of economic volatility and geopolitical tension.