Gold Prices Fall Rs800 Per Tola In Pakistan Following International Correction.
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✧ GENERATE BRIEFING
Gold prices in Pakistan drop by Rs800 to Rs437,336 per tola tracking global bullion trends, while silver falls to Rs6,558 per tola. Domestic gold prices in Pakistan extended their downward trajectory, declining by Rs800 per tola to settle at Rs437,336, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The price of 10 grams of 24-karat gold decreased by Rs686 to Rs374,945. This follows a sharp correction in the local bullion market, compounding losses from earlier in the week as global markets respond to shifting US interest-rate expectations and higher Treasury yields. Meanwhile, local silver prices also moved lower, shedding Rs20 to close at Rs6,558 per tola.
Gold prices in Pakistan fell on Tuesday, with the price of 24-karat gold declining by Rs800 per tola to Rs437,336, according to rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The price of 10-gram gold also decreased by Rs686 to Rs374,945, according to the association’s latest rates.
The decline followed a weaker international bullion market. The international gold rate faced downward pressure as global markets reacted to rising US Treasury yields and shifting expectations regarding the Federal Reserve’s monetary policy outlook.
The latest move comes on the heels of a much sharper correction earlier in the week, accelerating a departure from peaks seen earlier in September when gold traded above Rs460,000 per tola.
Silver prices also moved lower in Pakistan on Tuesday. The price of 24-karat silver declined by Rs20 to Rs6,558 per tola, and 10-gram silver dropped by Rs17 to Rs5,622, according to the APGJSA.
Market participants continue to monitor international bullion trends, US dollar movements, and broader macroeconomic indicators for near-term direction.
