KARACHI, April 20 — Gold prices in Pakistan fell by Rs4,900 per tola on Monday, tracking a decline in international markets, according to the All Pakistan Sarafa Gems and Jewellers Association.
The drop follows a brief pause in price movement and reflects changes in global bullion rates, which directly influence domestic gold prices.
Local gold and silver rates fall
The price of 24-karat gold per tola decreased to Rs501,162. Meanwhile, the rate for 10 grams of gold dropped by Rs4,201, settling at Rs429,665.
Silver prices also declined, with the per tola rate falling by Rs145 to Rs8,417.
Global trend weighs on local market
In the international market, gold prices fell by $49 per ounce to $4,788.
Local bullion markets in Pakistan typically follow global price movements, with fluctuations driven by international demand, currency trends, and investor sentiment.
Also read: Gold prices rise sharply in Pakistan on April 8, up Rs15,700 per tola
Today's E-Paper