Pakistan's gold market weakens on Thursday as domestic prices track a sharp drop in international bullion rates. The decline pushes per-tola gold down by Rs10,900 to Rs416,536, while silver also moves lower in the local market.
Highlights
- Gold price in Pakistan drops by Rs10,900 per tola to Rs416,536, mirroring international market declines.
- In global trading, gold falls $109 to $3,940 per ounce, driving continued pressure on domestic bullion valuations.
- Silver price in Pakistan declines by Rs163 per tola to Rs4,782, reflecting broader weakness in precious metals.
Domestic bullion prices track global decline
As reported by Business Recorder, citing the All-Pakistan Gems and Jewellers Sarafa Association, gold prices in Pakistan decrease on Thursday in line with losses in the international market.In the local market, gold per tola is sold at Rs416,536 after falling Rs10,900 during the day. The price of 10-gram gold also drops by Rs9,345 to Rs357,112.
Wider pressure on precious metals
In the international market, gold declines by $109 to $3,940 per ounce, extending pressure on domestic bullion pricing.Silver also moves lower in Pakistan, with the per-tola price decreasing by Rs163 to Rs4,782, indicating broader weakness across precious metals.
We have previously noted how S&P warned that sovereign borrowing risks are rising amid geopolitical tensions and elevated fiscal spending.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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