After several days of a historic upward rally, gold prices in Pakistan have finally recorded a notable decline, bringing temporary relief to buyers. Meanwhile, silver prices continued their upward momentum, reaching a new high.
According to a statement issued by the Sarafa Bazaar Association, gold prices declined on Thursday after sustained gains in recent sessions.
Latest Gold Prices in Pakistan
As per the latest update:
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Gold price per tola decreased by Rs 1,500
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New price per tola: Rs 530,562
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10 grams of gold dropped by Rs 1,286
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New price for 10 grams: Rs 454,871
This marks the first significant correction after gold touched record-high levels earlier this week.
Silver Hits New Peak
While gold moved downward, silver prices continued to rise:
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Silver per tola increased by Rs 212
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New silver price: Rs 11,640 per tola
Traders described the rise as a result of strong local demand and global market trends.
Global Gold Market Update
In the international market, gold also saw a decline:
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Gold price per ounce fell by $15
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New global rate: $5,082 per ounce
Experts say fluctuations in global bullion markets and profit-taking contributed to the dip.
Market Outlook
Analysts believe that while gold prices may experience short-term corrections, overall market sentiment remains strong due to:
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Global economic uncertainty
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Currency fluctuations
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Investor demand for safe-haven assets
Buyers and investors are advised to closely monitor market trends before making decisions.
