KARACHI – The Gold price started the new trading week on a weaker note as rates declined in both Pakistan and international markets. The latest decrease follows losses recorded during the previous trading session, continuing the recent downward trend in the bullion market.
According to the latest market update, the price of 24-karat gold dropped by Rs2,400 per tola on Monday. Following the decline, one tola of gold is now available at Rs437,436.
The price of 10 grams of 24-karat gold also recorded a noticeable fall. It decreased by Rs2,058, bringing the new rate to Rs375,030.
Latest Gold Rates in Pakistan
| Category | New Price |
|---|---|
| Gold (Per Tola) | Rs437,436 |
| Gold (10 Grams) | Rs375,030 |
| International Gold | $4,150 per ounce |
| Silver (Per Tola) | Rs6,679 |
The latest decline comes after another drop over the weekend. During the previous trading session, gold lost Rs1,100 per tola and closed at Rs439,836. Monday’s decline has extended that losing streak and reflects continued pressure on the precious metals market.
The Gold price in Pakistan closely follows movements in the international bullion market. Global factors such as investor confidence, economic uncertainty, currency fluctuations, and demand for safe-haven assets often influence domestic prices.
Internationally, gold prices also moved lower. The global benchmark fell by $24 per ounce and now stands at $4,150 per ounce, including a premium of $20. Market analysts link the decline to weaker investor sentiment and reduced demand for precious metals in global trading.
Silver prices also registered losses in Pakistan. The price of one tola of silver dropped by Rs37, taking the new rate to Rs6,679. The decline in silver follows the broader trend seen across the precious metals market.
Market experts say that local bullion rates are largely affected by international price movements and the exchange rate of the Pakistani rupee against the US dollar. Any changes in these factors can lead to daily fluctuations in gold and silver prices.
Although the recent decline may provide some relief to buyers, gold continues to trade at historically high levels. In recent weeks, prices remained close to record highs due to global economic uncertainty and strong demand for safe investments.
In other news read more about Gold Rate Drops in Pakistan After Record High, Silver Prices Also Decline
The latest Gold price movement will remain important for investors, jewellers, and consumers planning to purchase gold. Market participants are expected to keep a close watch on international developments, as future price direction will largely depend on global economic conditions and investor sentiment.
