In Pakistan, gold prices declined on Saturday, following a record high just a day earlier. The local market saw the price of gold per tola fall by Rs1,046, bringing it down to Rs299,000.
The price for 10 grams of gold dropped by Rs897, settling at Rs256,344, the All-Pakistan Gems and Jewellers Sarafa Association said.
On Sunday the market was closed, so the new gold rates will be open today (Monday) after 2:30 pm.
Currently, the following are the rates in different Pakistan cities:
| City | Gold 24K per Tola | Gold 24K 10gms |
| Karachi | Rs299,000 | Rs256,344 |
| Islamabad | Rs299,000 | Rs256,344 |
| Lahore | Rs299,000 | Rs256,344 |
| Multan | Rs299,000 | Rs256,344 |
| Peshawar | Rs299,000 | Rs256,344 |
This decrease in gold prices coincided with a drop in international gold rates, which were reported at $2,861 per ounce (with a $20 premium), marking an $8 decline throughout the day.
On Friday, gold prices surged, with per tola prices rising by Rs1,346 to reach Rs300,046 for the first time in history. The recent fluctuations highlight the volatility in gold prices, influenced by both local and global market dynamics.
In recent weeks, gold prices have soared as trade war concerns fuelled safe-haven buying ahead of the key US payrolls report.
