Gold prices in Pakistan fell sharply on Tuesday, ending a four-day period of stability and indicating a shift in both domestic and global bullion markets.
According to data from the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-carat gold declined by Rs 2,700 per tola, bringing the new price to Rs 444,162. The rate for 10 grams of 24-carat gold also dropped by Rs 2,315, settling at Rs 380,797. Prices of 22-carat gold followed suit, reflecting the overall downward trend.
The decline extended to international markets, where gold fell by $27 to $4,218 per ounce, reversing several days of stable or rising prices. Analysts attribute the drop to renewed pressure on global precious metals amid shifting economic conditions.
In contrast, silver prices moved upward in both domestic and global markets. In Pakistan, the price of silver per tola rose by Rs 41, reaching Rs 6,004, while 10 grams became Rs 35 more expensive. On the international market, silver gained $0.41 to reach $57.32 per ounce.
The contrasting movements in gold and silver have drawn attention from investors who are now closely monitoring market signals for the days ahead.