All Pakistan Sarafa Gems and Jewelers Association on Monday released the latest gold and silver rates for local and international markets.
Gold prices in Pakistan witnessed a sharp decline, while silver prices remained unchanged.
Latest gold prices in Pakistan
• Gold 24-karat per tola: Rs488,362 (down Rs5,300)
• Gold 24-karat per 10 grams: Rs418,691 (down Rs4,544)
• Gold 22-karat per 10 grams: Rs383,814 (down Rs4,165)
International gold prices also fall
In the global bullion market, gold prices also moved lower amid volatility in international commodity markets.
• Gold per ounce (global): $4,660 (down $53)
Market analysts said uncertainty in international markets and geopolitical developments continued to affect investor sentiment and bullion trading.
Silver prices remain unchanged
Silver prices in Pakistan remained stable compared with the previous trading session.
Latest silver prices in Pakistan
• Silver 24-karat per tola: Rs8,513 (unchanged)
• Silver 24-karat per 10 grams: Rs7,298 (unchanged)
• Silver per ounce (global): $80.29 (unchanged)
Bullion traders said local precious metal prices generally follow movements in international markets along with fluctuations in the rupee-dollar exchange rate.
Bullion experts expect gold prices to remain volatile in the coming days as investors continue monitoring geopolitical tensions, international inflation trends, currency fluctuations and global central bank policies affecting precious metal demand.