Islamabad, Pakistan – Web Desk: Gold prices declined in both local and international markets on Friday, reflecting a broader downward trend in bullion trading. The price of one tola of gold in Pakistan dropped by Rs3,400, settling at Rs533,762, while the cost of 10 grams decreased by Rs2,915 to Rs457,614.
In the international bullion market, gold prices fell by $34 per ounce to $5,110, contributing to the local market correction. Analysts attribute the decline to shifting investor sentiment and fluctuations in global commodity trading.
Despite the drop in gold values, silver prices moved in the opposite direction. One tola of silver increased by Rs104, reaching Rs8,914, while the price of 10 grams rose by Rs89 to Rs7,642.
Gold and silver prices often fluctuate in response to global economic conditions, currency movements, and investor demand. The recent decline follows broader market volatility and changing expectations in international commodity markets.
Market observers note that while gold remains a traditional safe-haven asset, price adjustments are common amid shifting global economic dynamics.
