Prices of gold and silver declined in both international and domestic markets on Thursday, reflecting a downturn in the global bullion market.

According to market data, the price of gold in the international bullion market fell by $37 per ounce, bringing it down to $4,601 per ounce. The decline came after a three-day pause in price movements and immediately impacted local markets.

Following the global drop, gold prices in Pakistan’s local bullion markets also fell sharply. The price of 24-karat gold per tola dropped by Rs3,700, settling at Rs482,462. Similarly, the price of 10 grams of gold declined by Rs3,172, reaching Rs413,633.

Market analysts said the decrease was mainly driven by fluctuations in global bullion prices, as international investors adjusted their positions amid changing economic signals. The easing of gold prices brought temporary relief to local buyers, although rates remain near historically high levels.

Silver prices also witnessed a downward trend. The price of silver per tola fell by Rs150 to Rs9,425, while the price of 10 grams of silver dropped by Rs129 to Rs8,080. Traders said silver followed the same global trend as gold, with reduced demand contributing to the fall.

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Bullion dealers noted that precious metal prices remain highly sensitive to movements in the international market, currency fluctuations, and global economic developments. They added that investors are closely watching global trends to assess whether prices will stabilize or face further declines in the coming days.

Despite the latest drop, gold continues to be seen as a safe-haven asset, especially during periods of economic uncertainty, keeping market interest strong.