Gold Loses Rs2,100 Per Tola In Pakistan
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✧ GENERATE BRIEFING
Domestic gold prices in Pakistan reversed recent gains on Monday, dropping by Rs 2,100 per tola to settle at Rs 439,936, tracking broad-based losses across international commodity hubs. Benchmark data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) confirmed that 24-karat gold slid from Saturday's rate of Rs 442,036 per tola, while the price of 10-gram gold decreased by Rs 1,800 to close at Rs 377,174.The domestic downturn was directly anchored by international bullion dynamics, where spot gold dropped by $ 21 per ounce to trade at $ 4,174. The decline effectively erased Saturday's Rs 1,100 per tola recovery. Following global trends, local silver prices also retreated, losing Rs 23 per tola to settle at Rs 6,532. Market participants continue to watch international dollar valuations, interest rate expectations, and geopolitical developments for near-term price direction.
Gold prices in Pakistan declined on Monday, tracking losses in the international market, with the price of 24-karat gold falling by Rs2,100 per tola to Rs439,936, according to rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The price of 10-gram gold decreased by Rs1,800 to Rs377,174, reflecting the decline in global bullion prices.
In the international market, gold fell by $21 per ounce to $4,174, putting downward pressure on domestic rates. Local gold prices generally move in line with international bullion prices and exchange-rate movements.
The latest decline followed an increase on Saturday, when gold gained Rs1,100 per tola to reach Rs442,036. The latest movement reflects continued fluctuations in the precious metal market.
Domestic Silver Rates
Silver prices also declined in the domestic market. The price of silver fell by Rs23 per tola to Rs6,532, according to the association.
Investor Outlook and Market Impact
Gold prices remain closely watched by investors, jewellers and consumers in Pakistan, where bullion is widely used for savings, investment and jewellery purchases. Changes in international prices can affect local buying and selling decisions.
