Major decline in gold prices, new per tola rate revealed
Pakistan’s bullion market recorded a sharp pullback, with benchmark gold rates sliding by more than Rs 3,000 in a single session. Fresh figures shared by the All Pakistan Gems and Jewellers Association show 24-karat prices tumbling across key denominations, while silver moved the other way with modest gains.
Here’s a snapshot of the latest quoted rates and changes:
- Gold (24K) per tola: down Rs 3,400 to Rs 533,762
- Gold (24K) per 10 grams: down Rs 2,915 to Rs 457,614
- Gold (22K) per 10 grams: down Rs 2,672 to Rs 419,494
- Silver per tola: up Rs 104 to Rs 8,914
- Silver per 10 grams: up Rs 89 to Rs 7,642
The downdraft in local gold prices mirrors the movement seen in overseas markets. Internationally, gold slipped by $34 per ounce to $5,110 per ounce, while silver advanced to $84.30 per ounce after rising $1.04.
Market participants typically link such swift moves to shifts in global sentiment, currency fluctuations, and periodic profit-taking. For jewellery buyers, the pullback trims immediate costs, whereas investors watching bullion often brace for continued volatility when international cues remain mixed.
These updated quotations, as circulated by the industry association, mark one of the more pronounced single-day adjustments in recent sessions, setting a new reference point for traders and consumers until the next review.
