KARACHI: Gold prices in Pakistan fell sharply on Thursday after a record surge in the previous session, reflecting continued volatility in both local and international bullion markets.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola declined by Rs7,100 to Rs486,962, while the rate for 10 grams dropped by Rs6,087 to Rs417,491. The decline follows a sharp increase a day earlier, when gold prices had surged by Rs15,300 per tola to Rs494,062.
Gold prices surge in Pakistan on April 1, 2026 as global rally accelerates gains
The movement in local prices follows a similar trend in global markets, where gold rates eased by $71 to $4,642 per ounce, influencing domestic pricing.
Global trends drive local price movement
Gold prices in Pakistan are closely linked to international rates and currency dynamics. The latest decline reflects easing global prices after a sharp rally, alongside ongoing uncertainty in financial markets.
Traders say fluctuations in international bullion markets continue to drive frequent adjustments in local gold rates.
Volatility keeps market on edge
The sharp rise followed by a significant drop highlights heightened volatility in gold prices, with investors reacting to global economic signals and shifting market sentiment.
Market observers note that price swings may continue in the near term, depending on developments in global markets and investor demand for safe-haven assets.
Today's E-Paper