Gold prices in Pakistan witnessed a significant decline on Friday, mirroring a sharp downturn in international bullion markets.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola dropped by Rs 15,500, settling at Rs 476,862. Similarly, the price of 10 grams of gold decreased by Rs 13,289, reaching Rs 408,832. This marks a notable correction after the metal had previously surged to Rs 492,362 per tola just a day earlier.
In the global market, gold prices fell by $155 per ounce, reaching around $4,690, indicating increased volatility in international precious metal trading.
Silver also followed a downward trend, with local prices declining by Rs 972, bringing the rate to Rs 8,232. Analysts attribute this broader decline in both gold and silver to fluctuations in global economic indicators and shifting investor sentiment.
Market experts suggest that such volatility is often driven by changes in inflation expectations, interest rates, and global financial stability, which directly impact demand for safe-haven assets like gold.
Investors are advised to closely monitor international trends before making major trading decisions, as precious metals continue to show rapid price movements.
Disclaimer:
This article is for informational purposes only and is based on publicly available market reports. Any image referenced is AI-generated and used for illustrative purposes only.
Tags:
Gold Prices Pakistan, Gold Rate Today, Sarafa Market, Silver Prices, Global Gold Market, Investment News, Finance Update, Bullion Market, Pakistan Economy
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