The gold price in Pakistan and international markets dropped for the fourth consecutive day on Friday. The decline followed a sharp fall in global bullion rates.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola fell by Rs3,400, reaching Rs533,762. The price of 10 grams of 24-karat gold also declined by Rs2,915 to Rs457,614. Meanwhile, 10 grams of 22-karat gold dropped by Rs2,672, settling at Rs419,494.
The fall in gold price was mirrored globally. International bullion rates saw a decline of $34, bringing the price of gold to $5,110 per ounce. Analysts attributed the drop to fluctuations in global demand and market trends.
Silver prices in Pakistan also followed a downward trajectory. The price of 24-karat silver per tola decreased by Rs104 to Rs8,914. Similarly, 10 grams of silver fell by Rs89, settling at Rs7,642.
Market experts noted that the ongoing decline in gold price may continue in the short term if global economic indicators and investor demand remain weak. Gold is considered a safe-haven asset, and its prices are sensitive to international market shifts, currency fluctuations, and inflation concerns.
Jewellers and traders advised customers to monitor daily rates before making purchases, as prices can vary significantly in a volatile market. The association also highlighted that local demand for gold has remained steady, despite the recent fall in rates.
In other news read more about Gold Prices Fall in Pakistan on March 5, 2026 – Check Latest Rate
Investors are watching the international gold market closely, as global events and economic data continue to influence bullion prices. The continuous drop in gold price has raised questions about short-term trends and potential rebounds in both local and global markets.
