Gold prices fall Rs3,700 per tola in Pakistan

Gold prices declined by Rs3,700 per tola in Pakistan on Saturday following a decrease in international bullion rates. The drop affected local buyers and traders as prices moved lower across the market. The decline came after gold prices fell globally. According to the All-Pakistan Gems and Jewellers Sarafa Association, gold prices dropped to Rs426,736 per tola in the local market. The price of 10 grams of gold decreased by Rs3,202 to Rs365,857. Meanwhile, international gold prices fell by $37 per ounce to $4,043. Read more: Gold prices fall by over Rs3,700 per tola in Pakistan Silver prices also recorded a decline in the domestic market. The price of silver decreased by Rs57 per tola to Rs6,237. Additionally, the price of 10 grams of silver fell by Rs49 to Rs5,347. The latest decline followed gains recorded in previous trading sessions. On Friday, gold prices increased in global and local markets after international rates rose by $30 per ounce. Local gold prices had also increased by Rs3,000 per tola. Market movements have remained closely linked with changes in international bullion prices. Moreover, currency trends and global economic conditions continue to influence domestic precious metal rates. Traders are monitoring further developments in global markets. Read more: Gold prices surge by Rs 3,000 per tola The gold market has experienced several price changes during the week. According to APGJSA data, prices moved between gains and losses as international rates fluctuated. Investors and consumers continue to track daily price updates. Meanwhile, silver prices have also shown mixed movements during recent sessions. The latest reduction followed earlier increases and declines in the local market. Further changes will depend on international bullion trends and market conditions. Gold and silver rates are expected to remain sensitive to global developments. Market participants will continue observing international prices for future direction. Local traders are likely to adjust rates based on global market movements.