KARACHI: Gold and silver prices registered a decline on Monday in both international and domestic markets amid reduced global buying activity and profit-taking by investors.
In the international bullion market, gold prices fell by $32 per ounce to settle at $5,010. Reflecting this decrease locally, the price of gold per tola dropped by Rs3,200 to Rs523,762, while the rate for 10 grams declined by Rs2,743 to Rs449,041.
Silver also followed a downward trend. Internationally, silver prices slipped by 55 cents per ounce to $76.80. In Pakistan’s local market, silver per tola fell by Rs55 to Rs8,164, and the price per 10 grams decreased by Rs47 to Rs6,999.
Market analysts attributed the decline to slower purchases by major global buyers, including China and Russia, along with profit-booking by international traders.
Data from the State Bank of Pakistan showed that the country’s gold reserves have reached 64.76 tonnes, valued at $1.0374 billion. In January 2026 alone, reserves increased by $127.9 million. Over the first seven months of the current fiscal year, gold reserves rose by $350 million, compared to $684 million recorded in June 2025.
In spot trading, gold slipped 0.7% to $5,007.70 per ounce after earlier falling more than 1% during the session. US gold futures for April delivery also declined 0.4% to $5,027.90 per ounce.
Meanwhile, spot silver eased 0.4% to $77.09 per ounce after a sharper earlier drop of 3%. Platinum prices fell 0.9% to $2,043.60 per ounce, while palladium edged down 0.3% to $1,681.34.
Despite the recent pullback, gold has witnessed remarkable gains over the past year, surging nearly 55% in 2025 and crossing the $5,000 per ounce mark in early 2026 before experiencing volatility.
