Gold Prices Fall Rs3,000 Per Tola In Pakistan Following International Dip.
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✧ GENERATE BRIEFING
Gold prices in Pakistan dropped Rs3,000 to Rs438,636 per tola on Thursday, tracking a decline in international bullion rates. Gold prices in Pakistan retreated on Thursday, sliding Rs3,000 per tola to settle at Rs438,636, tracking a downward correction in international bullion markets. According to rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10-gram gold decreased by Rs2,572 to Rs376,059. The domestic downturn followed a dip in global gold rates—which eased to around $4,161 per ounce—serving as a technical correction following a sharp, lagged upward adjustment in local markets a day earlier. Silver prices also faced downward pressure, declining by Rs50 to settle at Rs6,528 per tola.
Gold prices in Pakistan declined on Thursday, with the price of gold falling Rs3,000 per tola amid a retreat in international bullion rates.
According to rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold settled at Rs438,636 per tola. The price of 10-gram gold also decreased by Rs2,572 to Rs376,059. Additionally, the price of 22-karat gold was quoted lower at Rs344,733 per 10-gram.
International Triggers and Lagged Adjustments
The domestic correction came as international gold spot prices experienced downward movement, trading near $4,161 per ounce and exerting direct pressure on local bullion values.
The pullback follows a volatile stretch in the domestic market:
- Previous Session: Local rates had jumped by Rs4,300 per tola to reach Rs441,636 a day earlier, largely driven by a lagged adjustment that decoupled temporarily from global trends.
- Silver Movement: Accompanying the gold slump, domestic silver prices fell by Rs50 to settle at Rs6,528 per tola, while 10-gram silver dropped by Rs43 to Rs5,596.
Precious metals continue to exhibit high sensitivity to shifting global macroeconomic indicators, including US monetary policy expectations, inflation prints, and currency fluctuations. Domestic bullion dealers note that retail market movements will remain closely tethered to international spot trajectories and the rupee-dollar parity in the coming sessions.
