Gold prices in Pakistan move lower on Monday as weakness in the international bullion market pulls down local rates. The drop takes the domestic price to Rs439,936 per tola, while silver also declines in the local market.
Highlights
- Gold prices in Pakistan fell by Rs2,100 per tola to Rs439,936, with 10-gram gold down by Rs1,800 to Rs377,174, tracking global declines.
- International gold prices dropped by $21 to $4,174 per ounce on Monday, driving similar declines in Pakistan's local market rates.
- Silver prices in Pakistan decreased by Rs23 per tola to Rs6,532, reflecting continued sensitivity to global precious metals movements.
Local bullion rates track global losses
As reported by Business Recorder, citing the All-Pakistan Gems and Jewellers Sarafa Association, gold in the local market falls by Rs2,100 per tola to Rs439,936. The price of 10-gram gold also declines by Rs1,800 to Rs377,174.In the international market, gold is down by $21 to $4,174 per ounce. The local price trend remains in line with that global pullback on Monday.
Precious metals market impact in Pakistan
Silver prices also weaken in Pakistan, with the per tola rate decreasing by Rs23 to Rs6,532.The latest move highlights how shifts in international precious metals prices continue to feed directly into Pakistan's domestic bullion market, affecting both gold and silver valuations.
Our earlier coverage of gold’s rebound on softer oil prices and a weaker dollar explained how shifts in global macro conditions can quickly lift bullion. We also noted that traders were closely watching key U.S. inflation and retail-sales releases for clues on the Federal Reserve’s next move, while other precious metals such as silver also strengthened alongside gold.
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