Gold and silver prices in Pakistan extended their downward trend today, following a major correction in global markets.
Local rates reached their lowest levels of the week as investors reacted to a significant drop in international spot prices.
According to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA), local gold prices saw a massive single-day plunge, reflecting the bearish sentiment in the international bullion market.
| Gold Category | Today’s Rate (Feb 18) | Change from Yesterday |
| 24K Gold (Per Tola) | Rs514,762 | ↓ Rs9,000 |
| 24K Gold (10 Grams) | Rs441,325 | ↓ Rs7,716 |
| 22K Gold (Per Tola) | Rs471,865 | ↓ Rs8,250 |
Silver Prices
Silver, often following gold’s lead, also faced selling pressure in the local market.
- Per Tola Silver: Rs8,014 (Decreased by Rs150)
- 10 Gram Silver: Rs6,871 (Decreased by Rs128)
International Market
The primary driver for the local price crash was the international market, where gold shed $90 in value within the last 24 hours.
International Spot Gold: $4,920 per ounce (includes $20 premium).
International Spot Silver: $73.30 per ounce (approximate).
Analysts suggest the drop is linked to a strengthening US dollar and shifting expectations regarding global interest rates. After crossing the historic $5,000 mark earlier this week, the “yellow metal” is currently undergoing a “maturity correction,” according to commodity experts.
