Gold falls Rs4,300 per tola in Pakistan as global prices slip

Gold prices in Pakistan fell sharply, with 24-karat gold losing Rs4,300 per tola to Rs436,336, according to the market data cited. The decline followed a fall in the local market a day earlier.

The price of 10 grams of 24-karat gold also decreased, falling by Rs3,687 to Rs374,087. Silver moved lower as well, with one tola becoming Rs56 cheaper at Rs6,522.

The domestic declines followed weaker international rates reported for the latest session. International gold fell $43 an ounce to $4,138, which the market data indicated put pressure on local bullion prices. Local prices generally respond to changes in global gold prices and other market factors.

The movement underlines continued volatility in precious metal markets. Traders and investors are watching international prices for further direction, and the data suggests that additional changes in global rates could influence gold and silver prices in Pakistan.