Gold prices in Pakistan continued their downward slide, recording another steep drop at the start of the week. The decline reflects ongoing pressure from the international bullion market and cautious sentiment among investors, who are actively adjusting positions after recent highs.
According to data shared by the All Pakistan Sarafa Gems and Jewellers Association, local gold rates moved lower for the third consecutive session, pushing prices to levels not seen in days.
Gold Rates in Pakistan – Latest Update
| Gold Type | New Rate | Daily Change |
|---|---|---|
| 24K Gold (Per Tola) | Rs 490,362 | ▼ Rs 21,500 |
| 24K Gold (10 Grams) | Rs 420,406 | ▼ Rs 18,433 |
Traders say the cumulative drop over recent sessions has been significant, prompting buyers to wait on the sidelines while the market searches for a stable direction.
Silver Prices Also Move Lower
Silver followed the same trend as gold, with prices easing in local markets.
| Silver Type | New Rate | Change |
|---|---|---|
| Silver (Per Tola) | Rs 8,405 | ▼ Rs 602 |
What’s Driving the Decline?
From a market perspective, the current drop is being driven by a mix of global and local factors, including:
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Profit-taking after recent record levels
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Softer demand in the international bullion market
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Shifts in investor expectations around interest rates
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Short-term selling pressure in precious metals
When global prices cool, domestic rates in Pakistan tend to adjust quickly due to import-linked pricing.
International Gold Market Snapshot
Globally, gold prices also weakened, with bullion trading lower in overseas markets. Analysts note that international corrections often spill over into Pakistan within the same or next trading session.
What Should Buyers Know?
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Jewellery buyers may find short-term opportunities if prices stabilize
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Investors are advised to monitor global cues before making large moves
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Traders expect continued volatility in the near term
Market experts suggest keeping an eye on international trends, currency movement, and demand indicators before expecting a rebound.
Quick Takeaway
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Gold prices in Pakistan have fallen sharply again
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Local rates mirror weakness in global markets
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Silver prices also declined
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Short-term volatility remains high
For now, the gold market remains under pressure, with the next direction likely to depend on international price movement and investor sentiment.
This content is published for general information and awareness purposes. kixxoil.pk is an independent informational website and is not officially connected with any government authority or public institution. Readers are encouraged to confirm details directly from official sources before making any decisions.
