Gold prices fall Rs1,000 per tola in Pakistan
Gold prices in Pakistan dropped on Friday, with the per tola rate falling by Rs1,000 to Rs467,262, according to data released by the All Pakistan Sarafa Gems and Jewellers Association.
The price of 10 grams of 24-karat gold declined by Rs858 to Rs400,601, while 10 grams of 22-karat gold decreased by Rs787 to Rs367,230. The data shows a synchronized decline across all major gold categories in the domestic market.Gold Prices Surge in Pakistan Amid Global Rise
International gold prices also edged lower, falling by $10 to $4,445. The drop in global bullion rates contributed to the downward adjustment in local prices, which are typically aligned with international trends and interbank exchange rates.
Silver Prices
Silver prices followed a similar trajectory. The per tola silver rate fell by Rs30 to Rs7,454, while 10 grams of silver declined by Rs26 to Rs6,390. In international markets, silver prices slipped by $0.30 to $69.70, reflecting broader weakness in precious metals.
The association stated that local bullion rates are calculated based on interbank exchange rates, ensuring that domestic prices remain closely linked to global benchmarks. The purity standard remained at 999 for 24-karat gold.
Market participants said the decline reflects short-term corrections in international bullion markets, which often influence local pricing on a daily basis. Traders noted that even small changes in global prices can translate into significant rupee adjustments due to currency conversion factors.
Gold prices in Pakistan have shown volatility in recent sessions, moving in line with fluctuations in international markets. The latest decline suggests easing pressure in global bullion demand, although traders continue to monitor external indicators for future direction.
The All Pakistan Sarafa Gems and Jewellers Association regularly issues updated rates, which serve as a benchmark for traders and consumers across the country. These rates are widely used in retail markets and bullion trading hubs.
Analysts said that continued movements in international gold and silver prices will remain a key driver for local markets. Any further changes in interbank exchange rates could also impact domestic bullion pricing in the coming days.
The latest decline in gold prices may provide temporary relief to buyers, particularly in the jewelry segment, where demand often responds quickly to price adjustments. However, market direction remains tied to global trends and currency movements.
Gold prices in Pakistan are expected to remain sensitive to international market signals, with investors closely tracking further changes in bullion rates and exchange dynamics.
Gold Rate In Pakistan Today
