Gold prices in Pakistan recorded a decline on Wednesday, tracking losses in the international bullion market. According to data shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola fell by Rs1,000, bringing it down to Rs434,762 in the local market.
The price of 10-gram gold also dropped, sliding by Rs857 to Rs372,738.
A day earlier, gold prices saw a major jump, with the per tola rate rising Rs5,900 on Tuesday to hit Rs435,762.
✅ International Market Update
In the global market, gold lost momentum as prices slipped $10, settling at $4,124 per ounce with a premium of $20.
International prices came under pressure after a rebound in the US dollar and investors booked profits, especially after bullion hit a nearly three-week high in the previous session on expectations of possible interest rate cuts by the US Federal Reserve next month.
- Spot gold dropped 0.5% to $4,107.41 per ounce (as of 04:21 GMT)
- US gold futures (December delivery) edged 0.1% lower to $4,113.80 per ounce
✅ Silver Prices Rise
In contrast to gold, silver prices moved upward in Pakistan.
The price per tola jumped by Rs81, reaching Rs5,434.
