Gold prices in Pakistan’s local market declined sharply on Friday, with the rate for 24-karat gold per tola falling by Rs3,600 to Rs421,836.
The drop was confirmed by rates issued by the All Pakistan Sarafa Gems and Jewellers Association, reflecting immediate downward pressure on domestic bullion trading.
The global spot price dropped $56 to settle at $4,017 per ounce, signaling a broader softening in sentiment among institutional and retail investors alike.
The local decline mirrors a sustained period of weakness across global precious metals markets.
International benchmarks have faced persistent selling pressure, with gold prices falling sharply earlier in the week.
The global spot price dropped $56 to settle at $4,017 per ounce, signaling a broader softening in sentiment among institutional and retail investors alike.
This repricing extends a multi-day trend where both gold and silver have retreated from recent levels.