Gold prices in Pakistan move lower on Wednesday as international bullion rates weaken and extend the previous session's decline in the local market. The price per tola drops Rs900 to Rs434,536, while silver also eases and the global gold rate slips $9 to $4,120 per ounce.
Highlights
- Pakistan's 10-gram gold price fell by Rs772 to Rs372,544 on Wednesday, reflecting continued losses in global bullion rates.
- Gold per tola declined Rs3,600 on Tuesday to Rs435,436, with Wednesday's drop underscoring ongoing volatility in the local market.
- International gold dropped $9 to $4,120 per ounce, while silver in Pakistan edged down Rs27 to Rs6,207 per tola, signaling broad-based weakness.
Domestic bullion rates track global decline
As reported by Business Recorder, citing the All-Pakistan Gems and Jewellers Sarafa Association, 10-gram gold is sold at Rs372,544 on Wednesday after falling by Rs772. The association's rates show the domestic market following losses in international prices during the session.On Tuesday, gold price per tola reaches Rs435,436 after declining Rs3,600 in a single day. Wednesday's move takes the local benchmark lower again, indicating continued volatility in Pakistan's bullion market.
Silver prices also edge lower
In the international market, gold declines by $9 to $4,120 per ounce. The drop in overseas pricing sets the tone for local bullion trading, where import-linked price movements often feed through to retail rates.Meanwhile, silver for Wednesday is priced at Rs6,207 per tola, down Rs27 on the day. The decline across both precious metals points to broader weakness in the market's daily pricing trend.
In our earlier article on Pakistan’s mid-October fuel price revision, we covered how the government raised petrol rates while slightly trimming high-speed diesel under its regular pricing mechanism. That update noted the changes were tied to global oil-market movements and related pricing inputs, underscoring how international shifts can quickly feed into domestic rates.