Gold prices fall rapidly in Pakistan
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the latest decline has brought a major change in the local gold market. The price of 10-gram gold also decreased by Rs600, reaching Rs352,311.
The continuous decline has attracted attention from buyers and investors who are closely watching the gold rate today before making new purchases.
Gold Loses Rs16,500 in Just Three Days
The latest decrease may appear smaller compared to previous reductions, but the overall decline over three days has been significant.
On Thursday, gold prices dropped by Rs10,900 per tola. The market witnessed another reduction of Rs4,900 on Friday.
On Saturday, prices fell by an additional Rs700, taking the total decrease to Rs16,500 per tola in just three days.
On Wednesday, 24-karat gold was being sold at Rs427,436 per tola. However, it has now fallen to Rs410,936.
This means buyers are now paying considerably less for the same quantity of gold compared to earlier in the week.
The latest movement also shows how quickly gold prices in Pakistan can change, with even small daily adjustments making a noticeable difference in the cost of jewellery and investment purchases.
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International Gold and Silver Prices Also Decline
The decline in Pakistan's gold market followed a decrease in international prices.
According to market data, international gold prices dropped by $7 to reach $3,884 per ounce.
Silver prices also moved downward in the local market. The price of silver decreased by Rs124 per tola, bringing its new rate to Rs5,343.
Changes in international precious metal prices often influence the local market because Pakistan depends on global market trends when determining gold rates.
How Much Gold Costs at the New Rates
The latest gold rate today has reduced the cost of purchasing different quantities of gold.
At the current gold price per tola, half a tola of 24-karat gold costs approximately Rs205,468.
One tola is priced at Rs410,936, while two tolas cost around Rs821,872.
Compared with Wednesday's rates, buyers purchasing two tolas can now save approximately Rs33,000.
However, these prices are based on pure 24-karat gold rates announced by the APGJSA. Customers purchasing jewellery may have to pay additional making charges, which can increase the final cost.
