Gold prices experienced a significant decline in Pakistan’s domestic bullion market on Monday, tracking a downward trend in international markets. According to the All Pakistan Sarafa Gems and Jewellers Association (APGJSA), the price of 24-karat gold fell by Rs2,400 per tola to settle at Rs437,436 . The decline follows a sharp rally last week, representing a market correction after gold had surged by over Rs12,000 per tola just days earlier .
The price of 24-karat gold per 10 grams also dropped by Rs2,058 to Rs375,030, reflecting the broader slide in precious metals . In the international bullion market, spot gold prices slipped by $24 per ounce to $4,150, driven by shifting global risk sentiment and evolving geopolitical tensions . Market analysts noted that investors continue to weigh geopolitical developments alongside persistent concerns over global inflation and the outlook for interest rates .
Silver prices followed a similar downward trajectory in the domestic market, with per tola silver declining by Rs37 to Rs6,679 . Bullion traders emphasized that domestic gold prices are expected to remain closely aligned with movements in international markets, while fluctuations in the Pakistani rupee against the US dollar will also play an important role in determining local rates . Gold remains a key hedge against inflation, currency depreciation, and broader economic uncertainty for Pakistani investors .
