Gold and Silver Prices Show Slight Decline in Local and Global Markets

KARACHI — Gold and silver prices recorded a slight decline in both local and international markets on Saturday, following a dip in international rates as the bullion market continued its week of fluctuations. In the international bullion market, gold per ounce fell by $4 to settle at $4,713, while domestic rates mirrored the downward trend across all major categories.

According to data released by the All-Pakistan Gems and Jewellers Sarafa Association, the local market saw measurable decreases in both precious metals, continuing a pattern of volatility that has characterised the past week's trading.

Gold Prices in Pakistan

The latest decline follows Friday's drop of Rs2,700 per tola, with Saturday seeing further reductions across the board:

• Gold Per Tola — Declined by Rs400 to settle at Rs493,662, continuing the downward correction from earlier weekly highs
• 10 Grams Gold — Decreased by Rs343 to Rs423,235, maintaining the proportional decline seen in larger denominations
• Friday Comparison — Gold per tola had already fallen Rs2,700 on Friday to Rs494,062, with 10 grams dropping Rs2,315 to Rs423,578
• International Rate — Gold per ounce eased $4 to $4,713 in global markets, reflecting cautious trading sentiment

Silver Prices in Pakistan

Silver prices also moved lower on Saturday, reversing some of Friday's gains:

• Silver Per Tola — Fell by Rs12 to Rs8,513, a modest decline after Friday's increase of Rs80
• 10 Grams Silver — Declined by Rs10 to Rs7,298, showing a similar trend to the precious metal's larger denominations

Weekly Price Movements

The precious metals market has experienced notable volatility throughout the week, with prices swinging significantly from session to session. On Thursday, gold had surged by Rs7,800 per tola, following a Wednesday jump of Rs11,100 — one of the largest single-day gains in recent months. Earlier in the week, Tuesday and Monday had both recorded declines, reflecting the uncertain global economic environment.

Market Outlook

Market analysts attribute the current price movements to a combination of international economic factors, including shifting investor sentiment, currency fluctuations, and global geopolitical developments. The precious metals market remains sensitive to these external pressures, and traders expect continued volatility in the near term.

The All-Pakistan Gems and Jewellers Sarafa Association continues to monitor daily rates and provides updated pricing information for jewellers and consumers across the country. The association noted that market participants should remain attentive to international developments that may influence domestic bullion prices.