Gold prices in Pakistan continued their downward trend on Saturday, marking a second consecutive day of decline as international market pressures weighed heavily on local bullion rates. The movement has sparked concern among investors and jewellers who are closely tracking global economic signals.
According to the All Pakistan Sarafa Gems and Jewellers’ Association, the price of gold fell by Rs400 per tola, bringing it down to Rs493,662. The drop follows a similar decline a day earlier, indicating sustained volatility in the precious metals market.
The price of 10 grams of gold also decreased by Rs343, settling at Rs423,235. Market analysts say the consistent fall reflects uncertainty in global trading patterns rather than domestic demand shifts.
In the international market, spot gold slipped by $4 per ounce to $4,713, according to bullion dealers. This global dip has directly influenced pricing trends in Pakistan, where local rates typically mirror international movements.
Silver prices also experienced a decline in the domestic market, with per tola value falling by Rs12 to Rs8,513. Traders noted that both gold and silver are responding to the same global economic signals, including currency fluctuations and investor sentiment.
Bullion dealers added that ongoing volatility in international markets is likely to keep local prices unstable in the coming days. Investors are being advised to closely monitor global trends before making major buying or selling decisions, as precious metals continue to react sharply to global financial shifts.
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