Domestic gold rates fall after two-day rally
Gold prices in Pakistan ended their two-day upward trend on Friday following a slight decline in international bullion markets. According to the All Pakistan Sarafa Gems and Jewelers Association, the price of gold per tola dropped by Rs2,700, bringing the new rate to Rs494,062.
Similarly, the price of 10 grams of gold decreased by Rs2,315 and settled at Rs423,578 in local markets. Traders linked the decline to falling international prices and cautious investor sentiment during ongoing geopolitical tensions in the Middle East.
Meanwhile, gold prices in the global market fell by $27 per ounce, reaching $4,717 per ounce. Analysts said investors adopted a more measured approach after recent clashes involving Iranian and US naval forces near the Strait of Hormuz failed to trigger wider escalation.
Furthermore, market observers noted that the continuation of the ceasefire between the United States and Iran helped reduce immediate fears of severe disruption in global financial and commodity markets. As a result, investors shifted toward a more stable trading pattern heading into the weekend.
At the same time, precious metals markets remained active as traders monitored developments in global energy prices, regional tensions, and international economic indicators.
Silver prices continue upward movement
In contrast to gold, silver prices recorded gains in Pakistan on Friday. The price of silver per tola increased by Rs80, pushing the rate to Rs8,525 in local bullion markets.
Additionally, financial analysts said money markets and commodity trading maintained positive momentum despite uncertainty linked to geopolitical developments. Investors continued balancing safe-haven demand with expectations of relative market stability after recent diplomatic signals supporting the continuation of the ceasefire.
Moreover, traders stated that fluctuations in precious metal prices reflected changing investor reactions to global economic conditions, currency movements, and international political events affecting commodity markets worldwide.
Bullion dealers expect gold and silver prices to remain volatile in coming sessions as markets closely follow regional developments and international trading activity.
