According to the All Pakistan Sarafa Gems and Jewellers Association, the rate of 10 grams of 24-karat gold fell by Rs857 to Rs359,535. The price of 10 grams of 22-karat gold also went down to Rs329,585, a decrease of Rs678.

In the global market, gold prices dropped by $10, settling at $3,970 per ounce. The fall reflects weaker investor confidence and slight recovery in the dollar.

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However, silver prices remained stable. Locally, 24-karat silver traded at Rs5,022 per tola and Rs4,305 per 10 grams. International silver rates also stood unchanged at $47.60 per ounce.

Experts say the dip in gold prices could attract small investors looking for short-term gains. Some believe the global market may see more corrections as the dollar strengthens. Silver’s stability hints that investors still see it as a safer bet in uncertain times.