PTBP Web Desk

old prices in Pakistan witnessed a decline on Friday, reflecting a downward trend in the international bullion market. The gold prices in Pakistan today dropped significantly, easing after recent gains and aligning with global price movements.

In the local market, the price of gold per tola fell by Rs3,300, settling at Rs501,562. Similarly, the rate for 10 grams of gold decreased by Rs2,829, bringing it down to Rs430,008. These figures were released by the All-Pakistan Gems and Jewellers Sarafa Association, which regularly tracks and updates precious metal prices across the country.

Comparison with Previous Session

The decline comes a day after gold prices had risen on Thursday, when the per tola rate reached Rs504,862 following an increase of Rs1,400. The reversal highlights the volatility in the gold market, influenced by international price fluctuations and currency dynamics.

International Market Impact

Globally, gold prices also moved downward, with the international rate falling by $34.3 per ounce to reach $4,790.73. The decline in global bullion prices directly impacted domestic rates, as Pakistan’s gold market is closely linked to international trends.

The gold prices in Pakistan today are largely determined by global benchmarks, exchange rates, and local demand conditions. Any shift in international pricing typically reflects in domestic markets within a short period.

Silver Prices Also Decline

In addition to gold, silver prices in Pakistan also recorded a decrease. The price of silver dropped by Rs70 per tola, bringing it down to Rs8,444. This indicates a broader trend of declining precious metal prices in line with global market conditions.