Gold prices in Pakistan fell on Friday, tracking a similar downward movement in the international market.
According to data shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola dropped by Rs1,500, settling at Rs355,700 in the local bullion market. Similarly, the rate of 10 grammes of gold slipped by Rs1,286 to Rs304,955.
On Thursday, gold had surged by Rs2,000 per tola, reaching Rs357,200 after showing strength in both local and international markets. However, Friday’s correction reversed part of those gains.
The international market also witnessed a decline, with the gold rate standing at $3,330 per ounce (including a $20 premium), reflecting a loss of $15 from the previous session.
Meanwhile, silver prices remained unchanged at Rs4,031 per tola.
Price movement this week
The bullion market has experienced sharp swings over the past few days. On Wednesday, gold per tola fell by Rs1,400 to Rs355,200, only to rise the next day by Rs2,000. Friday’s dip once again brought the price below the Rs356,000 mark.
Analysts suggest that fluctuations in the dollar’s strength and expectations from the US Federal Reserve’s policy outlook have kept both international and local markets volatile.
Jewellers noted that while demand in Pakistan typically rises ahead of the wedding season, recent price instability has kept buyers cautious. Many investors, however, continue to view gold as a safe haven despite daily variations.
