Gold Price in Pakistan Drops by Rs3,800 Per Tola as International Gold Rates Decline

Gold prices in Pakistan recorded a sharp decline on Monday after remaining stable for a day, following a significant drop in international bullion markets. The latest decrease has brought relief to buyers as both gold and silver prices moved lower.

According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola fell by Rs3,800, bringing the new rate to Rs432,936.

Similarly, the price of 10 grams of 24-karat gold decreased by Rs3,258, settling at Rs368,429 in Karachi and other local bullion markets.

The decline in domestic gold prices came in response to a drop in global bullion rates. In the international market, the price of gold fell by $38 per ounce, taking the new rate to $4,073 per ounce.

Meanwhile, silver prices also witnessed a notable decrease. The price of silver per tola dropped by Rs123, with the precious metal now trading at Rs6,339 per tola.

Gold prices in Pakistan are largely determined by trends in the international bullion market and fluctuations in the Pakistani rupee against the US dollar. Market analysts say future movements in gold rates will depend on global economic indicators, inflation expectations, central bank policies, and investor demand for safe-haven assets.

Consumers planning to buy gold for investment or jewellery are advised to keep an eye on daily gold price updates, as local rates continue to fluctuate in line with international market conditions.