Gold Prices in Pakistan Fall for Third Consecutive Day, Down Rs. 16,500 per Tola in Three Sessions

Gold prices in Pakistan declined for a third consecutive session on Saturday, with 24-karat gold shedding Rs. 700 to settle at Rs. 410,936 per tola, according to rates published by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The 10-gram rate also moved lower, falling by Rs. 600 to Rs. 352,311, the association's data showed. Saturday's retreat was smaller than the drops recorded earlier in the week, but it extended the downward trend in the local market.

The slide began on Thursday, when gold fell by Rs. 10,900 per tola, followed by a Rs. 4,900 decline on Friday. Taken together, the three sessions have erased Rs. 16,500 per tola, bringing the metal down from Rs. 427,436 on Wednesday.

The local correction mirrored movement in international markets, where gold eased by $7 to $3,884 per ounce. Silver also lost ground domestically, dropping Rs. 124 to Rs. 5,343 per tola.

The APGJSA figures reflect rates for pure 24-karat gold. Buyers of finished jewellery typically pay making charges on top of the quoted bullion rate, so retail prices can vary between outlets.

Gold remains a closely watched indicator in Pakistan, where the precious metal is a popular store of value for households alongside formal savings. Movements in the international rate and the rupee-dollar parity are the main drivers of local pricing.