Gold Prices Fall Sharply in Pakistan as International Rates Retreat

Gold prices in Pakistan declined sharply on Wednesday, with the price of 24-karat gold falling by Rs. 3,400 per tola to Rs. 427,436, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The price of 10 grams of gold also decreased by Rs. 2,915 to Rs. 366,457, the association reported.

The drop followed a smaller decline a day earlier, when the per-tola rate fell by Rs. 1,500 to Rs. 430,836 on Tuesday. Wednesday's fall extends a two-day downward trend in the local market.

The decline was driven by movement in the international market, where gold prices fell by $34 to $4,049 per ounce. Local bullion rates in Pakistan typically track international prices, along with movements in the exchange rate.

While gold moved lower, silver prices increased by Rs. 45 per tola to reach Rs. 5,768 in Pakistan.

Gold remains a closely watched asset for Pakistani households, serving both as a savings tool and a major component of wedding and festive spending, which makes frequent rate changes a matter of everyday consumer interest.