Gold prices in Pakistan slightly decline, silver holds steady

KARACHI (Dunya News) - Gold prices in Pakistan recorded a modest decline, while silver rates remained stable across major denominations, on Saturday.

According to official data, the price of 24-karat gold per tola fell by Rs. 2,300, bringing the new rate to Rs. 442,162. Similarly, the price of 10 grams of 24-karat gold dropped by Rs. 1,972 to Rs. 379,082, while 10 grams of 22-karat gold decreased by Rs. 1,808 to reach Rs. 347,504.

The international gold market also reflected a minor decline, with prices dropping by $23 to settle at $4,198 per ounce. Analysts suggest that global trends continue to influence local gold rates, although the impact remains moderate.

In contrast, silver prices in Pakistan remained unchanged. The price of 24-karat silver per tola stayed at Rs. 6,072, while 10 grams of 24-karat silver maintained its rate of Rs. 5,205. On the international front, silver held steady at $58 per ounce. Market experts attribute the stability in silver prices to a balanced supply and demand both locally and globally.

Investors and traders are advised to monitor international market movements closely, as even minor fluctuations can affect local bullion rates in the coming days.