Gold prices in Pakistan recorded a slight decline on Tuesday after reaching historic highs earlier this week. The drop came after three consecutive sessions of strong gains. Despite the correction, gold prices remain elevated in both local and international markets. Investors continue to closely monitor price movements amid global economic uncertainty.
The decline was modest but noticeable for buyers and traders. Market analysts said the dip reflects short-term profit-taking after a sharp rally. However, overall sentiment toward gold remains positive due to inflation concerns and global financial instability.
Gold Rates Decline in Local Markets
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola fell by Rs1,500. The new rate settled at Rs530,562 per tola. This marked the first drop after gold surged to record levels in recent days.
Similarly, the price of 10 grams of 24-karat gold decreased by Rs1,286. It is now being sold at Rs454,871. The price of 10 grams of 22-karat gold also declined. It dropped by Rs1,179 to reach Rs416,980.
Traders said the correction was expected after a strong upward trend. Demand from investors remains steady, especially as gold is seen as a safe-haven asset. Many buyers are still entering the market, anticipating further volatility in global financial systems.
International Gold Prices Remain Above $5,000
The downward movement was not limited to Pakistan. In the international bullion market, gold prices also edged lower. Gold fell by $15 per ounce and settled at $5,082 per ounce. Despite the decline, prices remained above the key $5,000 level.
Analysts noted that gold’s strength is being supported by geopolitical tensions and expectations of interest rate adjustments. Central bank buying has also played a role in keeping prices elevated. Even with small corrections, gold continues to trade near historic highs.
Experts believe global gold prices may remain volatile in the coming days. Any changes in inflation data or central bank policy signals could influence further movement. Investors are advised to stay cautious and track international developments closely.
Silver Prices Show Mixed Trend
Silver prices in Pakistan also recorded a decline on Tuesday. The price of 24-karat silver per tola dropped by Rs212. It is now being sold at Rs11,640 per tola. Similarly, the price of 10 grams of silver fell by Rs182 to Rs9,979.
Interestingly, silver has shown stronger momentum in recent sessions. In global markets, silver touched fresh record levels earlier, supported by industrial demand and investment interest. Local traders said silver remains attractive for short-term investors.
Market participants believe both gold and silver prices will continue to fluctuate. Currency movements, global demand, and economic data will remain key drivers. For now, precious metals remain at historically high levels despite minor daily corrections.
