Gold prices dip in Pakistan after record surge

KARACHI: Gold prices declined in Pakistan and worldwide after a consistent rise in both global and local markets while silver soared to an all-time high.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), in the local market, the price of gold per tola fell by Rs4,578 to settle at Rs420,600, while the rate for 10 grams decreased by Rs3,924 to Rs360,597. The price of silver per tola rose by Rs34 to reach Rs5,100.

Gold cools after record $4,000 surge as investors take profits

The local market’s rally followed a steady rise over the past week. On October 1, gold stood at Rs410,278 per tola and has since gained nearly Rs15,000 within eight days. The increases have closely tracked international price movements, reflecting both global uncertainty and domestic currency weakness.

In the international bullion market, the price of gold dropped by $44 to reach $4,400 per ounce.

Silver prices hit a new historic high in the global market at $50.13 per ounce. In the local market.