Gold prices fall Rs1,600 to Rs495,362 per tola
Pakistan gold market declines as interbank-linked rates drop across bullion and silver segments on April 13
Gold prices in Pakistan fell sharply on Monday, with the per tola rate dropping to Rs495,362, down Rs1,600 from the previous session, according to rates issued by the All Pakistan Sarafa Gems and Jewellers Association.Gold Prices Fall Rs13,900 per tola
The price of 10 grams of 24-karat gold declined to Rs424,693, registering a decrease of Rs1,371, while 10 grams of 22-karat gold fell to Rs389,316 after shedding Rs1,256. The declines reflected a broader correction in both domestic and international bullion markets.
International gold prices were recorded at $4,730 per ounce, showing a marginal drop of $16 during the session. The movement in global prices fed directly into local rates, which are calculated based on interbank exchange rates, according to the association’s pricing mechanism.
Silver prices also followed a downward trend in the domestic market. The per tola rate for 24-karat silver decreased by Rs130 to Rs7,934, while 10 grams of silver declined by Rs111 to Rs6,802. International silver prices were quoted at $74.50 per ounce, down $1.30.
Market participants said the synchronized decline across gold and silver indicates a temporary easing in bullion demand or profit-taking after recent highs. Traders often adjust local prices in line with international benchmarks while factoring in currency movements in the interbank market.
The All Pakistan Sarafa Gems and Jewellers Association, which issues daily benchmark rates, bases its pricing on global bullion trends and rupee-dollar parity. The association’s rates are widely used by traders across major cities, including Karachi, Lahore, and Islamabad.
The price adjustment comes amid continued volatility in precious metals, where even small changes in international markets quickly transmit into local pricing structures. Dealers noted that fluctuations in exchange rates amplify the impact of global price shifts on domestic bullion.
Gold remains a key hedge instrument in Pakistan, widely used for savings and investment, particularly during periods of economic uncertainty. Short-term declines often trigger mixed reactions, with some buyers entering the market while others wait for further corrections.
Silver, which is more sensitive to industrial demand cycles, tends to move in tandem with gold but can exhibit sharper percentage changes. Monday’s decline in silver prices suggests a broader pullback in precious metals rather than an isolated correction.
The current pricing reflects 24-karat purity levels of 999, as specified by the association. Variations in purity and making charges can lead to differences in retail prices across jewellery markets.
Industry observers said the outlook for gold prices will remain closely tied to international trends and exchange rate movements. Any sustained shift in global bullion markets or interbank currency rates is expected to directly influence Pakistan’s gold pricing in the coming sessions.
Gold prices in Pakistan are likely to remain volatile in the near term, with the All Pakistan Sarafa Gems and Jewellers Association continuing to adjust rates in line with interbank-linked benchmarks and global market movements.