KARACHI(The COW News Digital) Gold prices declined in both international and domestic markets on Saturday, with lower global bullion rates pushing down prices across Pakistan’s bullion markets.
According to market data, the international price of gold fell by $11 per ounce, bringing the global bullion rate to $4,174 per ounce. The decline in international prices was reflected in Pakistan’s local gold market, where dealers adjusted rates downward in line with global trends.
Following the decrease in the international market, the price of 24-karat gold in Pakistan dropped by Rs1,100 per tola, taking the new rate to Rs439,836 per tola.
Similarly, the price of 10 grams of 24-karat gold declined by Rs943, settling at Rs377,088.
Silver prices also recorded a downward trend in the domestic market. The price of silver per tola fell by Rs48, bringing the new rate to Rs6,716, while the price of 10 grams of silver decreased by Rs42 to Rs5,757.
Bullion traders said local gold prices continue to move in line with fluctuations in the international market, where investor sentiment, currency movements, and expectations surrounding global interest rates remain key factors influencing precious metal prices.
Market analysts noted that gold often experiences short-term price volatility as investors react to changes in economic data, inflation expectations, and monetary policy signals from major central banks. Any shift in the value of the US dollar or global bond yields can also influence demand for bullion.
Despite the latest decline, gold prices remain historically elevated, reflecting continued demand for safe-haven assets amid uncertainty in the global economy. Investors are closely monitoring upcoming economic indicators and policy decisions that could affect the direction of precious metal markets in the coming weeks.
Jewellers and bullion dealers expect local prices to continue tracking international trends, with further gains or losses depending largely on developments in global financial markets and fluctuations in the international bullion trade.
The latest adjustment provides temporary relief for buyers in Pakistan, although market participants say future price movements will depend on global economic conditions and investor demand.
