Gold and silver prices declined in both international and Pakistani markets, with gold falling $49 per ounce globally. In the local market, gold dropped Rs4,900 per tola while silver also posted losses.
ISLAMABAD: Gold and silver rates moved lower in both the international bullion market and Pakistan’s domestic market, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association.
In the global market, gold declined by $49 per ounce and settled at $4,788. The downward movement in international prices was mirrored in the local market, where gold registered a notable decrease.
The price of gold per tola in Pakistan fell by Rs4,900 to Rs501,162. Likewise, the rate for 10 grams of gold dropped by Rs4,201, reaching Rs429,665.
Silver prices also recorded losses in local trading. The per tola price of silver decreased by Rs145 to Rs8,417, while the price of 10 grams fell by Rs124 to Rs7,216.
Previous session had seen an increase
The latest decline came after an increase recorded on Saturday in both international and domestic markets, following what the association described as a three-day upward trend in global and local prices.
According to the All Pakistan Sarafa Gems and Jewellers Association, gold in the international bullion market had risen by $45 per ounce to $4,837 in the previous session.
In the local market on Saturday, the price of gold per tola had increased by Rs4,500 to Rs506,062, while the rate for 10 grams had gone up by Rs3,858 to Rs433,866.
Silver had also moved up in the earlier session. The per tola rate had climbed by Rs118 to Rs8,562, and the price of 10 grams had increased by Rs101 to Rs7,340.
The latest figures indicate that both gold and silver reversed those gains as prices weakened again across the two markets.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), in the local market, gold prices also recorded a significant drop.
The updated rates reflect continued fluctuations in precious metals, with domestic prices tracking changes in the international bullion market.
