Gold prices fell in both local and international markets, reflecting a broader decline in precious metals. The downward trend was observed amid weaker global demand and market fluctuations. Investors saw a slight correction in bullion rates during trading. The decline affected both gold and silver prices.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola dropped by Rs1,600. It settled at Rs495,362 in the domestic market. The price of 10 grams of gold also decreased by Rs1,371. It closed at Rs424,693, showing a consistent downward trend.
Read more: Gold prices drop sharply across Pakistan
In the international market, gold prices fell by $16 per ounce. The rate reached $4,730 per ounce after the decline. Analysts linked the movement to global market adjustments. Precious metals remained under mild selling pressure.
Silver prices also recorded a decrease in local trading. The per tola silver rate fell by Rs130 to Rs7,934. The decline followed the trend seen in gold markets. Both metals moved in the same direction during the session.
Read more: Gold loses over Rs40,000 per tola in Pakistan
In conclusion, both domestic and global bullion markets experienced a mild correction. Market watchers expect continued volatility in coming sessions. Price movements will likely depend on global economic signals and investor sentiment.