Islamabad: Gold prices moved lower in Pakistan on Saturday, with the price of 24-karat gold falling by Rs1,000 per tola amid a decline in international bullion markets.
According to Beyond Time News, the latest rates issued by the All Pakistan Sarafa Gems and Jewellers Association show that one tola of 24-karat gold is now priced at Rs431,236.
The decline follows weaker global gold prices, which also slipped during the latest trading session.
Gold Rates Record a Modest Decline
The price of 10 grams of 24-karat gold dropped by Rs730, bringing it to Rs369,715.
Similarly, 10 grams of 22-karat gold decreased by Rs669 and is now available at Rs338,917.
The latest adjustment reflects changes in international bullion prices, which often influence Pakistan’s domestic gold market.
International Gold Prices Also Fall
According to Beyond Time News, gold prices in the international market declined by $10 per ounce, settling at $4,088 per ounce.
Global gold prices are influenced by several factors, including investor demand, central bank policies, inflation expectations, currency movements, and geopolitical developments.
Changes in these factors can quickly affect local gold prices in countries that rely on international market benchmarks.
Gold Prices Edge Lower in Pakistan as Local Market Sees Marginal Decline
Silver Prices Move Lower
Silver also recorded losses in both domestic and international markets.
The price of silver per tola fell by Rs271 to Rs6,393.
The rate for 10 grams of silver declined by Rs161, settling at Rs5,480.
Internationally, silver prices dropped by $2.71 per ounce to $59.14 per ounce, according to the association.
Why Gold Prices Change
Gold prices in Pakistan are linked closely to international bullion markets. They are also affected by the exchange rate of the Pakistani rupee against the US dollar.
When global prices decline or the local currency strengthens, domestic gold prices often move lower. On the other hand, higher international prices or a weaker rupee can push local rates upward.
Jewellers and investors regularly monitor these trends before making buying or selling decisions.
Why This Matters
Gold remains one of the most popular investment and savings options in Pakistan. Many households also purchase gold for weddings, gifts, and long-term financial security.
Price changes can influence consumer demand, jewellery sales, and investment activity across the country.
Lower prices may encourage buyers who have been waiting for more favorable market conditions.
Conclusion
Gold and silver prices declined in Pakistan on Saturday, following a similar trend in international markets. According to Beyond Time News, the price of 24-karat gold fell by Rs1,000 per tola, while silver also recorded noticeable losses. Market participants will continue watching global bullion prices and currency movements for indications of future price trends.
Frequently Asked Questions
How much did gold prices fall in Pakistan?
According to Beyond Time News, the price of 24-karat gold decreased by Rs1,000 per tola, bringing it to Rs431,236.
What is the new price of 10 grams of 24-karat gold?
The price of 10 grams of 24-karat gold is Rs369,715.
Did silver prices also decline?
Yes. Silver prices fell in both the local and international markets, with the per tola price dropping to Rs6,393.
Why do gold prices change in Pakistan?
Gold prices depend mainly on international bullion rates, exchange rate movements, and overall market demand.
Who issues the official gold rates in Pakistan?
The daily local gold prices are issued by the All Pakistan Sarafa Gems and Jewellers Association, according to Beyond Time News.
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