International bullion weakness pushes local gold prices lower as investors monitor global market trends and the rupee-dollar exchange rate.

KARACHI: Gold prices in Pakistan extended their decline on Monday, with the price of 24-karat gold falling by Rs2,400 per tola, tracking losses in international bullion markets amid continued global economic uncertainty.

According to the All Pakistan Gems and Jewellers Association (APGJA), the price of 24-karat gold per tola settled at Rs437,436, down from Rs439,836 recorded in the previous trading session.

The price of 24-karat gold per 10 grams also declined by Rs2,058, closing at Rs375,030, compared with Rs377,088 a day earlier.

Bullion market analysts attributed the latest decline to weakness in international gold prices, as investors weighed geopolitical developments in the Middle East alongside persistent concerns over global inflation and the outlook for interest rates.

In the international market, spot gold fell by $24 per ounce to $4,150, compared with the previous closing price of $4,174 per ounce.

Market experts said domestic bullion prices are expected to remain closely aligned with movements in international gold markets, while fluctuations in the Pakistani rupee against the US dollar will also play an important role in determining local prices.

Investors are expected to closely monitor upcoming global economic data, central bank policy signals and geopolitical developments, all of which could influence demand for safe-haven assets and shape the direction of gold prices in both international and domestic markets in the days ahead.