After a brief surge, the Gold price in Pakistan declined again on Thursday, reflecting changes in the international market.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the Gold price for 24-karat gold dropped by Rs1,000 per tola, settling at Rs418,862. Similarly, the price of 10 grams of 24-karat gold fell by Rs857, closing at Rs359,106.
The rate of 10 grams of 22-karat gold also went down by Rs678, now standing at Rs329,300 compared to the previous day’s price. The decline was attributed to a decrease in international gold rates and fluctuations in local currency exchange rates.
On the global front, gold prices recorded a drop of $10, reaching $3,965 per ounce. The fall reflects growing investor caution and stronger global currencies, which have been putting consistent downward pressure on the precious metal.
Silver prices remain stable
While gold saw a decline, silver prices in Pakistan remained unchanged. The price of 24-karat silver per tola held steady at Rs5,034, while 10 grams of silver were sold for Rs4,315, maintaining the previous day’s rate.
Experts note that ongoing changes in the interbank exchange rate and global market trends are likely to continue influencing Gold price movements in Pakistan. Investors are closely monitoring global demand and currency values to assess future trends.
In other news read more about Gold Rebounds in Pakistan as Prices Rise by Rs3,500 per Tola
Market analysts believe that gold’s recent volatility highlights the fragile balance between investor demand, global currency strength, and inflation concerns. They predict that the coming weeks may bring further fluctuations as traders await clearer signals from global economic indicators.
