According to the All Pakistan Sarafa Gems and Jewelers Association, the new price of 24 karat per tola gold was set at Rs355,200 compared to Rs356,600 on the previous day.
The price of 10 grams of 24 karat gold also slid by Rs1,201, reaching Rs304,526 against the earlier Rs305,727. Meanwhile, 10 grams of 22 karat gold was down by Rs1,101, settling at Rs279,158 compared to Rs280,259 previously.
Silver too joined the downward trend, as per tola rates fell by Rs96 to Rs3,935, while 10 grams dipped by Rs82 to Rs3,373.
In the international market, gold slipped by $14, now trading at $3,325 compared to $3,339 earlier. Silver also dropped by $0.96 to settle at $37.02 per ounce.
Read more: Electric bike prices likely to surge in Pakistan
The fall in local gold prices reflects the immediate impact of international bullion trends. With gold losing $14 per ounce globally, Pakistan’s domestic market quickly mirrored the decline. The synchronized drop in silver indicates a broader market correction rather than isolated movement.
For investors, the dip could signal a short-term buying opportunity if global prices stabilize, but continued volatility means caution is necessary. Traders suggest that international demand, coupled with the US dollar’s strength, will play a decisive role in shaping gold’s next direction.
