The per tola rate of the precious stone dropped by Rs1,100 to Rs356,600 from Rs357,700, according to the All Pakistan Sarafa Gems and Jewelers Association.

Despite opening with stability, the yellow metal could not hold its ground as international pressure and dollar value shifts triggered selling.

The price of 10 grams of 24 karat gold also declined by Rs943, standing at Rs305,727 compared to Rs306,670 a day earlier. Similarly, 10 grams of 22 karat gold slipped by Rs865 to Rs280,259 from Rs281,124.

Silver rates, however, showed no change, with per tola steady at Rs4,031 and 10 grams fixed at Rs3,455.

In the global market, gold registered an $11 fall, closing at $3,339 against $3,350, while silver prices remained constant at $37.98.

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The decline in gold prices reflects the close link between the local bullion market and international trends, especially the dollar’s strength. With gold falling by $11 in the global market, Pakistan’s rates followed suit, showing the sensitivity of domestic pricing to international shifts.

Silver’s stability suggests investors are still holding onto the metal as a safe hedge, but gold’s volatility highlights uncertain investor confidence. If the dollar strengthens further, another correction in gold prices could be on the way.