Gold and silver prices in Pakistan moved lower on Friday as both local and international bullion markets faced a mild correction after a brief upward trend. The decline followed recent volatility that had pushed precious metal rates higher, while traders adjusted positions in response to shifting global signals and demand conditions.
The price of 24-karat gold per tola dropped by Rs1,469, bringing it down to Rs467,816 in the local market. Similarly, the rate of 10 grams of 24-karat gold fell by Rs1,323 and settled at Rs401,012, reflecting the direct impact of international price movement on domestic bullion values.
Read more : Gold prices dip slightly while silver records increase in market
In addition, 22-karat gold also recorded a decline in the local market. The price of 10 grams decreased by Rs1,197 and reached Rs367,624, which indicated easing pressure on buyers after previous sessions of higher pricing across major cities.
In the international market, gold prices slipped by about $14.7 per ounce and moved to $4,453.8 per ounce. This global dip signaled cautious investor behavior as markets reacted to changing economic expectations and shifting demand for safe-haven assets.
Read more : Gold slips by Rs1,000 per tola in Pakistan –
Meanwhile, silver prices also followed a downward path in Pakistan. The rate of 24-karat silver per tola declined by Rs67 to Rs7,730, while 10 grams dropped by Rs61 to Rs6,623, showing broad weakness across precious metals overall.
Despite the latest fall, gold and silver remain at relatively high levels compared to earlier periods. Market participants are likely to watch international trends closely, as further global fluctuations may continue to influence domestic bullion pricing in the coming sessions.