Gold prices in Pakistan continued to fall on Friday, mirroring the decline in the international bullion market.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold per tola dropped by Rs. 2,000, closing at Rs. 431,862.
Meanwhile, the rate for 10 grams of gold fell by Rs. 1,714, settling at Rs. 370,252.
A day earlier, prices had already decreased by Rs. 3,500 per tola, bringing the total two-day decline to Rs. 5,500.
🌍 International Market Trends
In the global market, gold prices also slipped as investors reacted to a stronger U.S. dollar and awaited a key U.S. inflation report.
The international rate stood at $4,095 per ounce (including a $20 premium), down by $20 for the day.
Spot gold traded at $4,118.68 per ounce as of 03:15 GMT, marking a 3% weekly drop — the largest since mid-May.
U.S. gold futures for December delivery were down 0.3%, trading at $4,133.40 per ounce.
Silver prices also declined in the local market, with the per tola rate falling by Rs. 43 to Rs. 5,067.
💬 Market Context
Experts attribute the decline to global price corrections following record-breaking highs earlier this month. Traders expect short-term volatility to continue as markets await U.S. inflation data and interest rate signals.
