KARACHI (Busniess Desk) – Gold prices in Pakistan extended their downward trend on Saturday, reflecting fresh weakness in international bullion markets as investors continued to respond to changing global economic conditions.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold per tola dropped by Rs. 1,000, settling at Rs. 431,236. The price of 10 grams of gold also declined by Rs. 730 to close at Rs. 369,715.
The latest decline follows significant fluctuations witnessed earlier in the week, highlighting continued volatility in both domestic and international gold markets. Traders said movements in global bullion prices, the exchange rate, and investor sentiment remain the key factors influencing local gold prices.
In the international market, gold prices fell by $10 per ounce during the final trading session of the week, settling at $4,088 per ounce. The decline in global prices was quickly reflected in Pakistan’s bullion market, where local rates are adjusted according to international trends and the rupee-dollar exchange rate.
Bullion dealers noted that although gold remains a preferred safe-haven asset during periods of economic uncertainty, short-term price movements continue to be driven by expectations surrounding global interest rates, inflation data, and the strength of the US dollar. Market participants are closely monitoring upcoming economic indicators that could influence investor demand for precious metals.
Silver prices also moved lower on Saturday. The price of silver per tola declined by Rs. 271 to Rs. 6,393, mirroring the weakness seen across precious metals in international markets.
Jewellers said the recent decline may encourage some consumers to return to the market after weeks of elevated prices. However, demand remains relatively subdued as many buyers continue to wait for further corrections before making purchases, particularly for weddings and investment purposes.
Market analysts believe gold prices are likely to remain volatile in the coming days as investors assess global economic developments and monetary policy signals from major central banks. Any significant movement in international bullion prices is expected to have a direct impact on Pakistan’s domestic market.
Despite the latest decline, gold prices remain historically high compared with previous years, reflecting persistent global economic uncertainty and continued investor interest in precious metals as a long-term store of value. Traders expect local prices to remain closely linked with international market trends, with daily adjustments continuing as global bullion markets react to fresh economic data and financial developments.
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