Gold Falls by Rs. 2,300 Per Tola
Gold prices in Pakistan recorded another decline on Monday, following a fresh drop in the international market.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of gold per tola decreased by Rs. 2,300. After the latest fall, gold settled at Rs. 428,936 per tola in the local market.
The price of 10 grams of gold also moved down. It fell by Rs. 1,972 and closed at Rs. 367,743.
This marks another downward movement in gold prices after a previous decline on Saturday. Gold had fallen by Rs. 1,000 on Saturday and closed at Rs. 431,236 per tola.
The latest drop shows that the local bullion market continues to move in line with global price trends. Traders said international market pressure played a key role in Monday’s decrease.
International Gold Market Also Declines
Gold prices also weakened in the international market during the first trading session of the week.
The global price of gold fell by $23 and settled at $4,065 per ounce. This reversal affected local rates in Pakistan, where gold prices are strongly linked to international market movement and exchange rate trends.
Gold often reacts to changes in global economic sentiment, currency movement, investor demand, and expectations about interest rates. When international prices fall, local markets usually adjust quickly.
The latest decline may provide some short-term relief for buyers. However, gold remains expensive compared to previous years. Many customers continue to delay major purchases due to high prices.
Jewellers say demand usually becomes weak when prices remain volatile. Buyers often wait for stability before purchasing gold for weddings, investment, or savings.
Silver Prices Also Move Down
Silver also became cheaper in Pakistan on Monday.
According to market data, silver lost Rs. 69 per tola and settled at Rs. 6,324. The decline came on the same day as gold prices moved lower.
The fall in both gold and silver reflects broader weakness in precious metal prices. Market watchers will now follow international trends closely to see whether prices continue to decline or recover in the coming sessions.
For now, Monday’s drop has brought gold below Saturday’s closing level. The movement may influence jewellery buyers and investors who closely monitor daily bullion rates.
