Gold Market Pakistan Today saw a decline, with 24-karat gold selling at Rs488,462 per tola, down Rs3,000 from Monday. The 10-gram rate for 24-karat gold also dropped by Rs2,572 to Rs418,777, according to the All-Pakistan Gems and Jewelers Sarafa Association.
The 22-karat gold price also fell to Rs383,892 per 10 grams. Meanwhile, silver prices remained unchanged, with 24-karat silver traded at Rs7,744 per tola and Rs6,639 per 10 grams.
In the past month, gold has lost Rs51,400 per tola, while silver decreased by Rs1,187. Since the start of the fiscal year, gold has gained Rs138,262 per tola, and silver has risen by Rs3,962. Year-to-date, gold and silver prices have increased by Rs31,500 and Rs26, respectively.
Global gold prices moved higher, with spot gold trading near $4,682 per ounce, up $24.4 or 0.52% from the previous session. Investors reacted to geopolitical uncertainty, particularly the U.S. President Donald Trump’s timeline for reopening the Strait of Hormuz, which has boosted demand for safe-haven assets.
Domestic traders said the local drop reflects currency fluctuations and cautious investor sentiment. Gold demand softened, while silver remained stable due to lower trading volumes. Analysts said energy tensions abroad continue to influence Pakistan’s precious metals market.