Gold prices in Pakistan fell again on Thursday, following a similar decline in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola dropped by Rs. 1,700, bringing the new rate to Rs. 441,462.

10-gram gold also becomes cheaper

The price of 10-gram gold decreased by Rs. 1,457, placing it at Rs. 378,482. This marks the second consecutive day of decline. A day earlier, the per tola price had slipped by Rs. 2,700 to reach Rs. 444,162, signalling ongoing market pressure.

International gold drops as investors stay cautious

In the global market, gold also moved downward. International prices fell by $17, bringing gold to $4,191 per ounce, including a $20 premium. Spot gold dipped 0.5 percent to $4,179.71 per ounce as of 0617 GMT. U.S. gold futures for December delivery also recorded a 0.5 percent decrease, settling at $4,210.20 per ounce.

Analysts say investors are booking profits and staying cautious ahead of next week’s U.S. Federal Reserve meeting. Traders are waiting for key economic indicators that may provide clearer guidance on future interest rate decisions.

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 Silver prices also fall in Pakistan

The impact was not limited to gold. Silver prices in the local market dropped as well, with a decline of Rs. 85, bringing the new rate to Rs. 6,000 per tola.

Experts believe volatility may continue as both local and international markets react to economic uncertainty and shifting investor sentiment.