Mild decline in bullion rates as global market stability and improved risk appetite reduce safe-haven demand
KARACHI: Gold prices in Pakistan recorded a slight decline on Saturday, tracking weakness in international bullion markets as improving investor sentiment reduced demand for safe-haven assets.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), gold prices in Pakistan fell by Rs43 per tola, bringing the rate of 24-karat gold to Rs437,993 compared with Rs438,036 in the previous session.
The marginal decline in gold prices in Pakistan follows a sharper drop recorded in the previous trading day, when bullion came under pressure due to easing geopolitical tensions and stronger risk appetite in global financial markets.
Domestic bullion market shows mild correction
The latest movement in gold prices in Pakistan reflects a broader consolidation trend in the local bullion market, where prices have recently reacted to shifts in international demand and currency stability.
The price of 24-karat gold per 10 grams also declined by Rs39 to Rs374,166, compared with Rs374,205 a day earlier, mirroring the small adjustment in gold prices in Pakistan across retail markets.
International gold prices remain stable
In global markets, gold prices slipped slightly by $0.43 per ounce to $4,155.57, extending a period of low volatility as traders assessed macroeconomic and geopolitical signals.
Analysts said international bullion markets have remained range-bound, with limited fluctuations influencing gold prices in Pakistan due to steady trading conditions abroad.
Investor sentiment shifts toward risk assets
Market analysts said the decline in gold prices in Pakistan is largely linked to improving investor confidence following recent geopolitical developments.
As global tensions ease, investors have shown a greater preference for equities and growth-linked commodities, reducing demand for traditional safe-haven assets such as gold.
This shift in sentiment has contributed to the softening of gold prices in Pakistan, both domestically and internationally.
Outlook remains sensitive to global trends
Experts expect gold prices in Pakistan to remain closely tied to international market movements, central bank policy decisions, inflation expectations and geopolitical developments.
While the latest decline is marginal, analysts warn that gold prices in Pakistan could remain volatile in the coming weeks as markets continue to react to shifting global conditions.
For now, gold prices in Pakistan are expected to follow international bullion trends closely, with even small global price movements likely to influence domestic rates.
