The domestic gold market in Pakistan opened with a significant downward adjustment this Saturday, following a massive slump in prices during Friday’s trading session.
Investors and consumers are witnessing one of the sharpest corrections in recent weeks as the local market tracks a volatile international landscape.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold prices saw a steep decline on Friday, which has set a bearish tone for Saturday’s market activities.
| Unit | Current Price (PKR) | Change (from Thursday) |
| Per Tola (24K) | Rs519,962 | ▼ Rs8,600 |
| 10 Grams (24K) | Rs445,783 | ▼ Rs7,373 |
| 10 Grams (22K) | Rs408,649 | ▼ Rs6,758 |
The local crash was primarily triggered by a “risk-off” sentiment in the global bullion market. On Friday, international gold prices tumbled by $86, settling at $4,972 per ounce (including a $20 premium).
Following the yellow metal’s lead, silver prices in Pakistan also witnessed a notable decline. The white metal dropped by Rs501, bringing the price of silver per tola down to Rs8,324.
Market analysts suggest that gold may test new support levels. If the international price remains below the psychological barrier of $5,000/oz, local rates could see further stabilization or minor dips in the coming week.
