Local bullion market declines while international prices show mixed trend
According to Beyond Time News, gold prices in Pakistan dropped on Friday even though international markets recorded slight gains. The decline came as local bullion rates continued to fluctuate amid economic pressure and global uncertainty.
In Pakistan’s domestic market, gold fell by Rs2,900 per tola, settling at Rs490,862. The price of 10 grams also dropped by Rs2,486 to reach Rs420,835, based on data from the All-Pakistan Gems and Jewellers Sarafa Association.
Continued volatility in local gold rates
According to Beyond Time News, this decline followed an even sharper fall earlier in the week, when gold lost Rs5,200 per tola in a single session. The repeated drops show ongoing instability in the local bullion market.
Silver prices also moved lower, falling by Rs142 per tola and settling at Rs7,957.
Global gold market shows cautious gains
Internationally, gold prices posted modest gains. Spot gold rose by 0.7% to $4,724.19 per ounce during trading. However, it still remained on track for its first weekly loss in five weeks.
According to Beyond Time News, pressure from a stronger US dollar, high Treasury yields, and inflation concerns limited overall gains in global markets.
US gold futures also increased slightly by 0.4%, reaching $4,741.30 per ounce. This reflects cautious investor sentiment worldwide.
Market uncertainty driven by geopolitics
Analysts say global gold prices remain sensitive to political and economic developments. According to Beyond Time News, fluctuations in inflation expectations and geopolitical tensions continue to influence investor behavior.
Experts noted that gold moved within a tight range during the day, showing mixed momentum in international trading.
Some support came from reports of diplomatic activity involving Iran and Pakistan, which added uncertainty to global markets and briefly supported gold prices.
Oil prices and global sentiment remain unstable
According to Beyond Time News, oil prices also showed slight weakness, while investors stayed cautious ahead of new geopolitical developments. Markets continue to wait for clearer signals before taking strong positions.
Gold has remained under pressure in recent weeks due to inflation concerns and global tensions, which have strengthened the US dollar and reduced demand for safe-haven assets.
Read more:Gold Prices Continue Downward Trend in Local and Global Markets
Pakistan repays $1 billion to UAE fund
In a separate development, the State Bank of Pakistan confirmed it repaid a $1 billion deposit to the Abu Dhabi Fund for Development on April 23, 2026. According to Beyond Time News, this payment completes the repayment of a total $3.45 billion support package from the UAE.
Earlier repayments worth $2.45 billion were also settled, marking the end of the agreement.
Slight improvement in rupee value
According to Beyond Time News, the Pakistani rupee recorded a minor gain against the US dollar in the inter-bank market. The currency closed at 278.85, improving slightly from the previous day’s 278.86.
Conclusion
According to Beyond Time News, gold prices in Pakistan remain under pressure despite global fluctuations. Meanwhile, financial repayments and a stable rupee show gradual movement in the country’s economic indicators, though overall market sentiment remains cautious.
