Gold and silver prices in Pakistan moved lower on Friday as a mild correction in international bullion markets filtered into the domestic trade, ending a brief upward streak seen earlier this week.
According to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold per tola decreased by Rs900, settling at Rs454,862. Similarly, the price of 10 grams of gold fell by Rs772 to Rs389,970.
The decline comes a day after gold recorded a sharp increase of Rs2,200 per tola, reflecting volatility driven by global economic signals and investor sentiment.
Global Gold Prices Ease
In the international market, gold prices edged down by $9 per ounce, trading around $4,325, including a premium of $20. Analysts attribute the pullback to profit-taking by investors after recent highs and cautious positioning ahead of key global economic indicators.
Despite the dip, gold continues to be viewed as a safe-haven asset, particularly amid geopolitical uncertainty and fluctuating currency markets.
Silver Also Retreats After Record Run
Silver prices in Pakistan also witnessed a correction following their recent historic surge. The price of silver per tola declined by Rs52, closing at Rs6,848 in the local market.
Market observers note that silver’s recent rally had been fueled by strong industrial demand and speculative interest, making a short-term correction largely expected.
Market Outlook
Jewellers and bullion traders say prices may remain range-bound in the near term, closely tracking global trends, movements in the US dollar, and international interest-rate expectations.
For consumers and investors, experts advise monitoring market signals carefully, as precious metals are likely to experience continued short-term fluctuations while maintaining long-term relevance as a store of value.
Quick Snapshot
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Gold (per tola): Rs454,862 (↓ Rs900)
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Gold (10 grams): Rs389,970 (↓ Rs772)
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Silver (per tola): Rs6,848 (↓ Rs52)
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International gold: $4,325 per ounce
