Local Market Records Drop in Tola and 10-Gram Rates
Gold prices in Pakistan moved lower on Saturday, reflecting a downward trend in international markets and bringing relief to buyers after recent fluctuations.
According to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola declined by Rs2,200 during the trading session.
Consequently, the new per tola price settled at Rs473,162 in local markets.
Similarly, the price of 10 grams of gold also recorded a decline. Market data showed that 10-gram gold dropped by Rs1,886 and reached Rs405,660.
The latest adjustment followed movement in global precious metal markets, where prices continued responding to changing economic conditions and investor sentiment.
Meanwhile, traders and market observers closely monitored international developments because fluctuations in global prices often influence domestic rates.
The decline also came after local gold prices remained unchanged during the previous trading session.
On Friday, the price of gold per tola stayed stable and closed at Rs475,362.
International Market Movement Influences Domestic Rates
Internationally, gold prices also registered losses during the latest session.
According to market figures, the global gold rate declined by $22 and reached $4,508 per ounce, including a premium of $20.
Analysts frequently note that changes in international gold prices affect local markets through movements in global demand, economic conditions, currency fluctuations, and investor behaviour.
Furthermore, traders continue observing developments involving inflation trends, international financial markets, and geopolitical conditions that can influence precious metal prices.
Meanwhile, silver prices remained unchanged in the domestic market.
Market data showed that silver maintained its previous level and continued trading at Rs8,034 per tola.
Investors and consumers now continue monitoring both international and local market trends for further price movements in the coming days.
