Gold prices recorded a decline across Pakistan on Tuesday, offering brief relief to buyers after recent sharp gains in the precious metals market.
According to local market data, the price of 24-karat gold per tola fell by Rs. 600, bringing the new rate down to Rs. 481,862. Similarly, the price of 10 grams of gold dropped by Rs. 515, settling at Rs. 413,118.
Silver prices also moved lower. The price of one tola of silver decreased by Rs. 43, reaching Rs. 9,482 in the domestic market.
Global Gold Market Also Sees Pullback
The local decline followed weakness in the international market. Globally, gold prices fell by $6 per ounce, with the metal trading at $4,595 per ounce.
Market analysts attribute the correction to short-term profit-taking after recent record highs, while broader economic and geopolitical factors continue to keep gold prices elevated overall.
Market Outlook
Despite the current dip, traders note that gold remains volatile due to ongoing global uncertainty, currency movements, and expectations around interest rates. Any further direction in prices is likely to depend on developments in international markets over the coming days.
