Gold prices extend losses in Pakistan
Gold prices slipped across Pakistan on Wednesday as domestic and international markets moved lower.
Gold eased after the All Pakistan Sarafa Gems and Jewellers Association posted fresh interbank-based rates showing another daily decline in the benchmark 24-karat tola price. The association listed 24K gold at Rs 443,162 per tola, down Rs 1,000 from the previous session, reflecting softer global sentiment and a stable rupee.
Traders said the 10-gram 24K rate also fell to Rs 379,939 after shedding Rs 858, while 22K gold slipped to Rs 348,290 following a Rs 786 decline.
The domestic adjustment followed a mild dip in international gold, where prices edged down to US$ 4,208 per ounce, lower by US$ 10 on the day.
Read More: Gold Prices dip in Pakistan
Silver moved in the opposite direction as local demand pushed prices higher. Silver tola rose to Rs 6,085 after gaining Rs 81, while 10-gram silver climbed Rs 69 to reach Rs 5,216. International silver also gained modestly, rising to US$ 58.13 per ounce, up US$ 0.81. Market participants said the metal has shown stronger momentum in recent sessions as buyers sought lower-priced alternatives to gold.
Gold Rate in Pakistan Today
