PTBP Web Desk
Gold lost ground in Pakistan on Wednesday, tracking a downturn in the global bullion market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24‑karat gold per tola fell by Rs 1,000 to close at Rs 443,162.
Similarly, the cost of 10 grams of gold dropped by Rs 858, ending the day at Rs 379,939.
These declines come after Tuesday’s drop when gold per tola had reached Rs 444,162 following a Rs 2,700 dip during that session.
While gold slid, silver inched higher. The price of silver per tola rose by Rs 81, reaching Rs 6,085, reflecting some divergence in investor behaviour toward white metals.
Internationally, spot gold regained some footing. On Wednesday morning, bullion hovered around $4,222.22 per ounce, up roughly 0.4 % after sliding more than 1 % in the previous session.
This rebound comes as market participants anticipate potential easing by the Federal Reserve (Fed), with expectations mounting that an interest‑rate cut could be announced soon. Silver also surged to record highs globally, as investors appear drawn to its dual appeal as both a safe-haven asset and an industrial commodity.
The drop in the local price of gold reflects a near‑immediate pass-through of global spot‑market movements. As international demand softens — due to shifting investor outlook and expectations of monetary policy moves in the United States — domestic jewelers and bullion dealers adjust their rate cards accordingly.
In Pakistan, where gold is often bought and sold in tolas and grams, even modest shifts in international prices can lead to noticeable changes in local rupee‑based quotes.
- For buyers: The decrease to Rs 443,162 per tola and Rs 379,939 per 10 grams may provide a slightly more favourable entry point for those looking to purchase gold jewellery or bullion.
- For investors: Given global gold’s rebound due to expected rate cuts, some investors may view the dip as a temporary pullback. If the Fed does lower rates as anticipated, gold could regain momentum — potentially exerting upward pressure on local prices again.
- Silver’s appeal rising: With silver on an upward trajectory, some investors might shift focus toward silver, especially if industrial demand (e.g. for solar panels, electronics) remains strong globally.
Several broader themes are influencing precious‑metals markets worldwide:
- Rate‑cut expectations by the Federal Reserve remain a key driver, making non‑yielding assets like gold and silver attractive.
- Tight supply and increased industrial demand have pushed silver toward record levels.
- Safe‑haven demand continues amid global economic uncertainty and currency volatility.
These factors suggest that while local prices may wobble in the short term, fundamentals for precious metals remain strong.
