Gold Prices Dip by Rs1,500 per Tola in Pakistan

Gold prices in Pakistan fell on Friday, mirroring losses in the international market.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola dropped by Rs1,500, settling at Rs355,700 in the local bullion market. Similarly, the rate of 10 grammes slipped by Rs1,286 to Rs304,955.

The decline followed Thursday’s surge of Rs2,000 per tola, when gold had climbed to Rs357,200. In the global market, gold eased by $15, with the rate standing at $3,330 per ounce (including a $20 premium).

Meanwhile, silver prices were unchanged at Rs4,031 per tola.

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Weekly Volatility
The bullion market has witnessed sharp swings this week. On Wednesday, prices fell by Rs1,400 per tola to Rs355,200 before rebounding the next day, only to dip again on Friday.

Analysts attributed the volatility to shifts in the US dollar’s strength and expectations over the Federal Reserve’s monetary policy. While jewellers noted that demand typically rises ahead of the wedding season, buyers have remained cautious amid the fluctuations. Investors, however, continue to treat gold as a safe-haven asset despite short-term corrections.