KARACHI — Gold prices in Pakistan continued to decline for a third consecutive day on Saturday, reflecting a downward trend in international bullion markets and easing local demand.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola dropped by Rs8,700, bringing it down to Rs524,056 in the domestic market. The price of 10 grams of gold also fell by Rs7,459 to Rs449,727.
The decline follows a similar drop recorded a day earlier, when gold prices had already decreased by Rs7,100 per tola in local bullion markets.
Gold prices drop Rs2,900 per tola in Pakistan as global bullion market declines
International gold prices also decline
Global gold prices also moved lower during the same period. In the international bullion market, the price of gold fell by $87, settling at $5,018 per ounce.
Movements in international markets typically influence gold prices in Pakistan, as local rates are closely linked to global benchmarks and currency fluctuations.
Bullion traders say the recent trend reflects ongoing volatility in global precious metals markets, which directly affects domestic gold pricing across the country.
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