World ( The cow news digital ) Gold prices witnessed a decline in both international and domestic markets on Monday, as weakening global bullion trends pushed rates lower across trading hubs.
In the international bullion market, the price of gold fell by 23 US dollars per ounce, bringing the new global rate to 4,065 dollars per ounce. Analysts attributed the decline to fluctuations in global demand and shifting investor sentiment in commodity markets.
Following the international trend, local gold markets in Pakistan also recorded a decrease. The price of 24-karat gold per tola dropped by 2,300 rupees, settling at 428,936 rupees in domestic trading at the start of the business week.
Similarly, the price of 10 grams of gold decreased by 1,972 rupees, bringing it down to 367,743 rupees. Traders noted that local prices in Pakistan closely follow changes in the international bullion market, along with fluctuations in the exchange rate of the Pakistani rupee against the US dollar.
Alongside gold, silver prices also declined in both global and domestic markets. In local trading, the price of per tola silver fell by 69 rupees to reach 6,324 rupees. The price of 10 grams of silver also dropped by 59 rupees, settling at 5,421 rupees.
Market experts say that precious metal prices remain volatile due to global economic uncertainty, interest rate expectations in major economies, and changing investment patterns among institutional buyers. Investors often turn to gold as a safe-haven asset during periods of instability, but short-term corrections are common when market conditions stabilize.
Jewelry traders in Karachi and other major cities reported moderate trading activity, as consumers remain cautious due to high overall price levels despite the recent decline. However, some market participants expect demand to improve if prices continue to ease in the coming weeks.
Financial analysts suggest that further movement in gold prices will depend on international market signals, particularly from the US dollar index, global inflation trends, and central bank policy decisions.
