Gold prices in Pakistan declined for a second consecutive day on March 27, with the per tola rate falling to Rs467,262 after a Rs1,000 drop, mirroring a downturn in international markets. The decline impacts both investors and consumers tracking daily bullion rates in the country.
The latest decrease follows a $10 per ounce fall in global gold prices, bringing the international rate to $4,445 per ounce. Local prices typically move in line with global trends, with currency exchange rates also influencing domestic valuations.
The current dip comes a day after a sharp fall in bullion rates, when gold tumbled in Pakistan as global rates slid, with the per tola price dropping by Rs11,000, indicating continued volatility in the market.
Gold tumbles in Pakistan as global rates slide, per tola drops Rs11,000
Domestic gold rates adjust to global trend
In the local market, the price of 10 grams of gold dropped by Rs858 to Rs400,601. The continued downward movement reflects ongoing fluctuations in international bullion markets.
Silver prices also move lower
Silver prices also declined in both global and local markets. Internationally, silver was recorded at $69.70 per ounce.
In Pakistan, per tola silver decreased by Rs30 to Rs7,454, while the price of 10 grams fell by Rs26 to Rs6,390.
Market data indicates that precious metal prices in Pakistan remain closely tied to global benchmarks, with daily fluctuations reflecting international demand, currency movements, and broader economic signals.
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