Gold Prices in Pakistan witnessed a major decline on Friday as both local and international bullion markets recorded sharp losses after a brief upward trend a day earlier.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola dropped by Rs15,500. Following the decline, the new price of one tola of gold reached Rs476,862.
The latest fall in Gold Prices has attracted strong attention from investors, jewellers, and buyers across the country. Market experts believe fluctuations in the international bullion market played a major role in the sharp decline.
Similarly, the price of 10 grams of 24-karat gold also decreased significantly. The rate dropped by Rs13,289, bringing the new price to Rs408,832.
Meanwhile, 10 grams of 22-karat gold also became cheaper. The price fell by Rs12,182 and settled at Rs374,776 in local markets.
The decline in Gold Prices was not limited to Pakistan alone. International bullion markets also recorded a major downward movement during trading sessions on Friday.
According to market data, global gold prices dropped by $155 per ounce. After the decrease, the international gold rate reached $4,545 per ounce.
Analysts say international economic uncertainty, currency fluctuations, and changing investor sentiment often influence gold market trends around the world. When global gold prices decline sharply, local markets in Pakistan usually follow the same direction.
Jewellers and traders said many buyers have started monitoring the market closely after the latest drop. Some consumers consider falling gold rates a good opportunity for jewellery purchases and investment.
Silver prices also witnessed a major decline in Pakistan. The price of 24-karat silver per tola fell by Rs972, bringing the new rate down to Rs8,232.
Similarly, the price of 10 grams of silver decreased by Rs833. After the decline, the updated rate for 10 grams of silver reached Rs7,057.
Market observers believe precious metal prices may continue to fluctuate depending on global economic conditions and international market activity in the coming days.
Experts also noted that gold remains one of the most closely watched investment assets in Pakistan. Changes in Gold Prices often affect jewellery markets, investors, and consumers nationwide.
Traders say demand patterns may shift if gold prices continue falling over the next few sessions. However, they added that the bullion market remains highly sensitive to international developments and economic indicators.
In other news read more about: Gold Rates in Pakistan Rise Again Amid Global Market Gains
The latest decline marks one of the sharpest single-day drops in recent weeks, drawing significant public and market attention across Pakistan.
