Gold prices fell sharply in Pakistan on Friday following a decline in international markets. The per tola price dropped by Rs15,500, bringing it down to Rs476,862. The decline reflects a broader correction in global bullion rates amid shifting investor sentiment.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10-gram gold also fell by Rs13,289 to Rs408,832. The local market moved in line with international trends after recent volatility in gold trading. Dealers said the drop followed easing demand and profit-taking by investors.
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In global markets, gold prices declined by $155 per ounce to reach $4,545. Analysts linked the fall to fluctuations in economic outlook and changing expectations in financial markets. The movement directly influenced domestic pricing in Pakistan’s bullion market.
Silver prices also declined during the day, adding to the weakness in precious metals. The per tola rate of silver dropped by Rs972 to Rs8,232. Traders noted that both gold and silver remained sensitive to international price shifts.
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Overall, the market showed a downward trend driven by global cues and reduced safe-haven demand. Analysts expect continued volatility in precious metals in the coming sessions.