Gold Prices Drop in Pakistan Following Decline in International Market

Gold prices in Pakistan witnessed a decline on Monday after a downward trend in the international bullion market.

According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola decreased by Rs. 4,400, bringing it down to Rs. 471,762.

The price of 10 grams of gold also fell by Rs. 3,773 and settled at Rs. 404,459.

This comes after a recent upward movement in prices, where gold had increased by Rs. 1,300 on Saturday and closed at Rs. 476,162 per tola.

International Market Update

In the global market, gold prices declined by $44 per ounce, settling at $4,494. The movement in international prices directly influenced domestic rates in Pakistan.

Silver Prices Show Slight Recovery

Unlike gold, silver prices recorded a modest increase on Monday. The price of silver rose by Rs. 46 per tola, reaching Rs. 8,059.

Market analysts say precious metal prices continue to fluctuate due to changes in global demand, currency movements, and investor sentiment.