After several consecutive days of record-breaking gains, gold prices in Pakistan witnessed a surprising decline today, bringing temporary relief to buyers. In contrast, silver prices continued their upward momentum, hitting a new all-time high.
The sudden shift marks a pause in gold’s strong rally that had pushed prices to unprecedented levels in both local and international markets.
Latest Gold Prices in Pakistan
According to a statement issued by the Sarafa Bazaar Association, the price of gold per tola dropped by Rs. 1,500.
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Gold (per tola): Rs. 530,562
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Gold (10 grams): Rs. 454,871
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Decrease in 10 grams: Rs. 1,286
This decline comes after days of continuous increases that had kept gold prices at historic highs.
Silver Prices Reach New Record
While gold showed signs of cooling, silver prices moved in the opposite direction.
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Silver (per tola): Increased by Rs. 212
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New price: Rs. 11,640 per tola
The rise has pushed silver to its highest-ever level, reflecting strong demand and market volatility.
International Market Update
In the global bullion market, gold prices also recorded a decline.
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Gold (per ounce): Fell by $15
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New price: $5,082 per ounce
The international dip contributed to the local price correction, although analysts believe market uncertainty remains high.
Market Outlook
Experts say that short-term fluctuations are expected after such a sharp rally. However, ongoing global economic uncertainty, inflation concerns, and investor demand continue to keep precious metals under close watch.
While today’s drop may offer brief relief, gold and silver prices are still trading near historic levels, suggesting that volatility is far from over.
