Gold prices in Pakistan recorded a notable decline on Monday as bullion markets continued to reflect downward pressure in both local and international trading.
The drop was reported by the All Pakistan Sarafa Gems and Jewellers Association. Silver prices also saw a fall across domestic markets.
Gold prices see sharp decline
Gold prices in Pakistan fell significantly in the latest update from the bullion market.
The price of 24-carat gold per tola dropped by Rs 3,094, settling at Rs 452,233.
Meanwhile, the price of 10 grams of 24-carat gold declined by Rs 2,785, reaching Rs 386,987.
The downward trend reflects ongoing volatility in the local gold market.
International gold market pressure
The decline was also seen in global trading.
International gold prices fell by $30.94, bringing the rate down to approximately $4,297.97 per ounce.
Market experts often link domestic gold pricing in Pakistan to international gold movements and exchange rate fluctuations.
Silver prices also fall
Alongside gold, silver prices also moved downward in the local market.
The price of silver per tola (24-carat) fell by Rs 94, reaching Rs 7,173.
The 10-gram silver price also dropped by Rs 86, settling at Rs 6,116.
International silver rates declined by $0.944, reflecting broader weakness in precious metal markets.
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