Global gold prices extended losses on Tuesday, dragging Pakistani bullion rates lower, while silver posted fresh gains amid mixed performance across precious metals.
Gold prices continued to decline on Tuesday in both international and Pakistani bullion markets, extending recent losses, while silver strengthened with fresh gains, signaling a mixed trend across the precious metals sector.
In the international market, gold fell by $41 per ounce, bringing its price down to $4,024 per ounce. The weakness was reflected in Pakistan, where the price of 24-karat gold per tola dropped by Rs4,100 to Rs424,836, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The price of 10 grams of gold also declined by Rs3,515, settling at Rs364,228, highlighting continued pressure on the domestic bullion market.
Silver, however, moved in the opposite direction. The international spot price of silver climbed 1% to $58.88 per ounce. Meanwhile, platinum remained largely unchanged at $1,574.75 per ounce, and palladium gained 1.5% to $1,232.16 per ounce, although all three metals remained on course for monthly and quarterly declines.
In Pakistan, silver prices also increased. The price of silver per tola rose by Rs25 to Rs6,349, while 10 grams of silver gained Rs22, reaching Rs5,443.
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