Gold rates decline in Pakistan as international bullion prices continue to weaken
International bullion weakness pushes domestic gold lower, while silver prices continue to rise in Pakistan.
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Gold prices extended their decline for a third consecutive day on Saturday, falling in both international and domestic markets as weaker demand weighed on bullion trading.
In the international market, gold prices dropped by $43 per ounce to $4,155.57.
The decline reflected changing market sentiment and softer demand across global bullion trading.
Gold Falls in Pakistan Market
The downward trend also affected Pakistan’s local bullion market.
According to bullion dealers, the price of 24-karat gold per tola fell by Rs43 to reach Rs437,993.
The price of 10 grams of gold also moved lower, decreasing by Rs39 to Rs374,166.
Traders said domestic gold prices continued to track movements in international markets.
Silver Moves in the Opposite Direction
While gold weakened, silver prices posted gains in the local market.
The price of silver per tola increased by Rs16 to Rs6,962.
Meanwhile, the rate for 10 grams of silver rose by Rs14 to Rs5,909.
Global Trends Continue to Influence Local Rates
Market analysts said precious metal prices in Pakistan remain closely linked to international bullion trends.
Changes in global gold and silver rates continue to shape domestic pricing and influence investor sentiment.
Analysts added that further price movements will depend on international demand patterns and broader market conditions in the coming sessions.
