Gold prices in Pakistan declined on Friday, following international market trends, with the local rate per tola dropping by Rs8,600 to close at Rs519,962 amid cautious investor sentiment.
The 10-gram gold rate also fell, reaching Rs445,783 after a decrease of Rs7,373, as reported by the All-Pakistan Gems and Jewellers Sarafa Association, reflecting subdued domestic demand for the precious metal.
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On Thursday, gold had risen by Rs2,700 per tola to Rs446,862, showing short-term volatility in local trading, influenced by shifts in global gold prices and investor expectations in commodity markets.
Internationally, gold declined by $86 to $4,972 per ounce, with a $20 premium applied in Pakistan, while silver also fell by Rs501 per tola, closing at Rs8,324 amid weaker buying interest.
