Gold prices declined both in domestic and international markets on Friday, offering slight relief to potential buyers amid ongoing economic uncertainty.
According to the All Pakistan Saraffa Association, the price of one tola of gold dropped by Rs1,500, bringing it down to Rs355,500. Similarly, the price for 10 grams of gold fell by Rs1,286 and is now being sold at Rs304,783.
In contrast, silver prices remained unchanged. One tola of silver continues to trade at Rs3,871, with no reported fluctuation in its value.
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Market analysts have linked the fall in gold prices to a combination of global factors, including reduced demand, shifts in interest rates, and investor hesitation due to economic uncertainty. These factors have made the precious metals market more volatile in recent weeks.
In the international market, gold prices declined by $15 per ounce, with the new rate standing at $3,335 per ounce. The global drop has had a direct influence on local bullion pricing, especially in markets sensitive to international trends.