Gold prices fall for third day in a row in Pakistan

KARACHI: Gold prices in Pakistan eased again on Wednesday, marking their third consecutive decline since the start of the week.

The latest update from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) shows the price of gold falling by Rs200 per tola to Rs358,100. The 10-gramme rate also moved lower by Rs171 to Rs307,013.

Gold and silver prices today (August 13) 

• Gold fell by Rs200 per tola to Rs358,100 

• Price of 10-gramme gold slipped by Rs171 to Rs307,013 

• Silver remained unchanged at Rs4,013 per tola 

The run of losses began at the start of the week. On Monday, the per-tola price dropped by Rs3,600 to Rs358,800. It slipped again on Tuesday by Rs500 to Rs358,300.

Total decline so far this week

Today’s Rs200 cut brings the three-day slide to Rs4,300 per tola when compared with Saturday’s closing of Rs362,400. For buyers, this is a small but welcome breather after last week’s sharp swings. For jewellers, it is another day of cautious trade.

Movements in the international market continue to set the tone. APGJSA data showed the global price at $3,356 per ounce on Tuesday, including a $20 premium, which was $5 lower than Monday’s $3,361.

Local traders said softer international quotes and a steady rupee kept domestic prices under pressure. Silver held steady at Rs4,013 per tola.

Gold’s performance last week

Volatility has been a feature of recent sessions. Last week began around Rs359,500 per tola on Monday, dipped to Rs358,000 on Tuesday, and nudged back to Rs359,300 on Wednesday.

Prices then jumped by Rs2,900 on Thursday to Rs362,200 and added another Rs500 on Friday to Rs362,700, before a minor pullback of Rs300 on Saturday to Rs362,400. This week has unwound much of that late-week surge.

In Pakistan, households planning weddings and small investors often track daily moves closely.

Many prefer to buy on dips, although frequent swings can make timing difficult. For now, the trend is gently lower, but much depends on global trading and currency stability.

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