Gold prices in Pakistan experienced a significant decline on Friday following record-high rates just one day earlier. The price of gold per tola fell sharply by Rs. 35,500, bringing it down to approximately Rs. 537,362 in domestic markets, according to industry rate data. At the same time, the price for 10 grams of gold dropped by around Rs. 30,435 to reach Rs. 460,701.
This downward movement came after gold had surged to about Rs. 572,862 per tola on Thursday, underscoring heightened volatility in bullion trading. International gold also softened, with global rates slipping by roughly $355 to near $5,150 per ounce.
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Silver prices followed the same trend, with the local tola price falling by Rs. 1,106 to about Rs. 11,069. The broader slide in gold markets was influenced by global trading pressures and speculation over monetary policy shifts. Despite the recent drop, gold remains on track for a strong monthly performance as investors continue seeking safe-haven assets amid ongoing economic and geopolitical uncertainties.
