Gold Prices Slip by Rs. 1,500 Per Tola in Pakistan After Monday's Rally

Gold prices in Pakistan moved lower on Tuesday, with the price of 24-karat gold declining by Rs. 1,500 per tola to settle at Rs. 430,836, according to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The association reported that the price of 10 grams of gold also decreased, falling by Rs. 1,286 to Rs. 369,372. The drop came one day after the per-tola rate had climbed by Rs. 3,200 on Monday to reach Rs. 432,336.

The latest decline was linked to movement in the international market, where gold prices fell by $15 to $4,083 per ounce. Local bullion rates in Pakistan generally track international trends, along with movements in the rupee-dollar exchange rate, which affects the cost of imported gold.

Silver, by contrast, held steady. The metal remained unchanged at Rs. 5,723 per tola in the domestic market on Tuesday, with no revision reported by the association.

Gold remains a closely watched asset in Pakistan, where it is widely held as a store of value and a hedge against inflation and currency depreciation. Buyers and jewellers typically monitor daily rates set by the APGJSA, which are considered the benchmark for retail transactions across the country.

The association's daily pricing is based on international bullion rates and prevailing currency movements, and is used by jewellers in major cities including Karachi, Lahore and Islamabad to quote retail prices.