KARACHI: Gold and Silver prices in Pakistan slipped further on Tuesday, mirroring weakness in international bullion markets and reflecting the impact of interbank exchange rate adjustments.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24‑karat gold per tola fell by Rs.1,000 to settle at Rs.500,162, while 10 grams of 24‑karat gold declined by Rs.857 to Rs.428,808. The rate for 22‑karat gold stood at Rs.393,088 per 10 grams, down Rs.785 from the previous session.
On the global front, international gold prices eased to $4,778 per ounce, marking a $10 decrease. Analysts attribute the decline to a stronger U.S. dollar and investor caution amid ongoing geopolitical tensions, which have tempered demand for safe‑haven assets.
Silver also followed the downward trajectory. The price of 24‑karat silver per tola dropped by Rs.59 to Rs.8,358, while 10 grams of silver slipped Rs.51 to Rs.7,165. International silver prices fell to $78.74 per ounce, down $0.59.
Market observers note that the continued softness in bullion prices is tied to global currency movements and investor sentiment. Local jewelers expect subdued buying in the near term, with consumers and traders closely watching international price trends and regional economic developments.
