Gold prices in Pakistan fell on Thursday, following a downward trend in the international bullion market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola dropped by Rs. 1,000, settling at Rs. 418,862 in the local market. Similarly, the price of 10 grams of gold declined by Rs. 857, closing at Rs. 359,106. This comes just a day after a sharp increase of Rs. 3,500 per tola pushed rates to Rs. 419,862 on Wednesday.
In the global market, gold prices also slipped. The international rate was recorded at $3,965 per ounce (including a $20 premium), showing a decrease of $10 for the day, as reported by APGJSA. Despite some early gains supported by a weaker US dollar and an interest rate cut by the US Federal Reserve, optimism surrounding US-China trade talks capped further upward movement. As of 0529 GMT, spot gold was trading 0.6% higher at $3,953.04 per ounce, while US gold futures for December delivery fell 0.9% to $3,964.50 per ounce.
Meanwhile, silver prices in Pakistan remained unchanged at Rs. 5,034 per tola. Analysts noted that gold’s price volatility reflects investor uncertainty driven by shifting global economic signals, currency fluctuations, and expectations surrounding central bank policies.
