The price of 24 karat gold fell by Rs200 per tola, now selling at Rs386,300 compared to Rs386,500 a day earlier. Similarly, 10 grams of 24 karat gold dropped by Rs172, reaching Rs331,189 against Rs331,361.
For those preferring 22 karat, the 10 grams rate fell by Rs158, sliding down to Rs303,600 from Rs303,758, according to the All Pakistan Sarafa Gems and Jewellers Association.
International markets also reflected a minor downturn, with gold slipping by $2 to $3,643 from $3,645.
Silver too joined the decline. Per tola silver lost Rs13, now priced at Rs4,443 against Rs4,456. The rate for 10 grams silver decreased by Rs11, standing at Rs3,809 compared to Rs3,820.
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On the global side, international silver edged down by $0.13 to $42.15 from $42.28.
The steady decline in both gold and silver prices signals that local and international markets are experiencing short-term corrections. While Rs200 may not seem like a dramatic fall, continuous minor dips can shake investor confidence and impact jewellery traders’ daily business.
International factors — such as the $2 drop in global gold and the $0.13 fall in silver — suggest broader market volatility. For Pakistani buyers, these fluctuations could open short-term buying opportunities, but long-term investors may remain cautious as uncertainty continues to loom over global precious metal markets.
