Gold prices in Pakistan moved lower on Friday, tracking a pullback in international markets, while silver also slipped after its recent record-breaking rally.
In the local market, the price of gold per tola declined by Rs. 900, settling at Rs. 454,862. Similarly, the price of 10-gram gold fell by Rs. 772 to Rs. 389,970, according to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
A day earlier, gold had closed at Rs. 455,762 per tola after posting gains of Rs. 2,200 during Thursday’s session.
On the international front, gold prices also softened, with the metal losing $9 to trade at $4,325 per ounce, including a premium of $20, reflecting a broader market correction.
Silver prices followed the same trend in the domestic market. After reaching historic highs earlier this week, the price of silver per tola dropped by Rs. 52, closing at Rs. 6,848.
Market participants say the decline reflects profit-taking after sharp recent gains, while global price movements continue to influence local bullion rates.
