RAWALPINDI — Gold prices in Pakistan declined further on Friday, with the per tola rate falling by Rs8,100 to Rs491,362, tracking continued weakness in international markets.
The drop affects local buyers and investors as global price movements continue to influence domestic rates. The price of 10 grams of gold also decreased by Rs6,945 to Rs421,263.
In the international market, gold prices fell by $81 per ounce to $4,686, contributing to the downward trend in Pakistan. Analysts attribute the decline to global market fluctuations and changing investor sentiment.
Back-to-back declines continue
The latest fall follows a sharp drop in the previous session, when gold prices plunged in Pakistan after a global decline, with the per tola rate decreasing by Rs24,300.
Gold prices plunge in Pakistan after sharp global drop, per tola falls Rs24,300
During that session, international gold prices also dropped significantly by $243 per ounce to $4,767, while the 10-gram rate in Pakistan fell by Rs20,833.
Earlier in the week, prices had remained stable. According to the All Pakistan Sarafa Gems and Jewellers Association, gold per tola was recorded at Rs523,762, with international rates holding at $5,010 per ounce.
Silver prices also decline
Silver prices continued to follow the same trend. The per tola rate dropped by Rs50 to Rs7,684 in the latest session.
In the previous session, silver had already declined by Rs760 per tola, reflecting broader pressure in the precious metals market.
The continued decline in gold and silver prices highlights how global market movements are shaping local rates, with direct implications for consumers and traders across Pakistan.
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