KARACHI: Gold prices fell sharply on Saturday in both global and domestic markets, easing pressure on buyers after days of price volatility. The decline followed renewed weakness in the international bullion market after a brief pause.
In global trading, gold dropped by $47 per ounce to settle at $4,332, reflecting softer investor demand. Mirroring the international trend, Pakistan’s local bullion market also recorded a significant decrease. The price of 24-karat gold per tola declined by Rs4,700 to Rs455,562, while the rate for 10 grams slipped by Rs4,030 to Rs390,570.
Silver prices also moved lower, with per tola rates falling by Rs106 to Rs7,756 and 10 grams declining by Rs91 to Rs6,649. Analysts say gold remains highly sensitive to global economic data, currency movements, and interest rate expectations.
