Gold prices in Pakistan continued their downward trend for the second consecutive day, reflecting losses in the global bullion market amid a stronger dollar and cautious investor sentiment.

According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-carat gold fell by Rs. 1,400 per tola, bringing it down to Rs. 444,900, while 10 grams of 24-carat gold declined by Rs. 1,200, settling at Rs. 381,430.

Updated Gold & Silver Prices

Type Price (PKR) Change (PKR)
Gold 24K per Tola 444,900 -1,400
Gold 24K per 10g 381,430 -1,200
Gold 22K per 10g 349,656 -1,100
Silver per Tola 5,261 -12
Silver per 10g 4,510 -10

In the international market, gold prices dropped by $17 to $4,235 per ounce, as investors shifted toward dollar-backed assets ahead of key global economic data releases. Similarly, silver prices declined by $0.26, trading at $51.60 per ounce.

Market Insights

Analysts attribute the recent decline to profit-taking and global economic uncertainty, as traders anticipate potential interest rate adjustments by major central banks.

“The gold market is facing short-term corrections driven by global monetary tightening and currency strength, though long-term fundamentals remain bullish,” said a local bullion trader.

With volatility in both global and local markets, experts suggest that prices could continue to fluctuate in the coming days.

By admin