Summary Gold prices extended losses as per tola rates fell Rs2,900 to Rs490,862, while silver also declined amid continued weakness in international bullion markets.
KARACHI (Dunya News) - Gold and silver prices continued their downward trend in both domestic and international markets on Friday, with bullion rates registering fresh declines amid softer global prices.
In the international bullion market, gold prices fell by $29 per ounce, bringing the precious metal down to $4,685 an ounce, reflecting continued pressure in global trading.
Following the international trend, prices in Pakistan’s local bullion markets also moved lower.
According to market data, the price of gold per tola dropped by Rs2,900 to settle at Rs490,862, extending the recent correction in the domestic market.
Likewise, the price of 10 grams of gold declined by Rs2,486, closing at Rs420,835.
Silver prices also witnessed a notable decrease.
The price of silver per tola fell by Rs142 to Rs7,957, while the rate for 10 grams of silver dropped by Rs122 to Rs6,821.
Bullion traders attributed the decline largely to weakness in international markets, with domestic rates mirroring global movements.
Analysts said fluctuations in global commodity markets, investor sentiment and broader economic trends continued to influence precious metals prices.
The sustained retreat in gold prices comes after recent periods of sharp gains that had pushed the yellow metal to elevated levels in both international and local markets.
Market observers said the latest decline may offer some relief to buyers, though price movements remain subject to volatility driven by global economic and geopolitical developments.
