Gold price in Pakistan continues to fall as global rates dropped further on Thursday, driven by strengthening global currencies and cautious investor sentiment.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-carat gold in Pakistan fell by a massive Rs3,500 per tola, bringing it down to Rs433,862.
In the local bullion market, the gold price in Pakistan for 10 grams of 24-carat gold decreased by Rs3,001, settling at Rs371,966. Similarly, 10 grams of 22-carat gold were sold at Rs340,981, down by Rs2,751 compared to the previous day.
On the international market, gold dropped by $35, reaching $4,115 per ounce, continuing a downward trend influenced by a stronger dollar and global market caution.
Silver Prices Remain Stable
Unlike gold, silver prices in Pakistan stayed stable. The rate of 24-carat silver per tola remained Rs5,110, while 10 grams of silver were priced at Rs4,381.
Analysts note that fluctuations in the interbank exchange rate and uncertainty in global demand continue to pressure precious metal prices in Pakistan. Investors are closely monitoring the international gold market trends and currency movements in the days ahead.
