Karachi, Pakistan – Gold prices registered a decline in both international and domestic markets on Saturday, while silver rates moved in the opposite direction, according to bullion dealers .
In the international bullion market, gold fell by $43 per ounce to $4,155.57, reflecting weaker global demand and market fluctuations . Analysts attributed the pressure on gold to a stronger US dollar and shifting interest rate expectations, which have made the precious metal less attractive to investors holding other currencies . Uncertainty surrounding the implementation of the US-Iran peace agreement also contributed to the decline, as initial optimism faded .
The impact of the global decline was mirrored in Pakistan’s domestic market. According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of 24-karat gold per tola dropped by Rs43 to Rs437,993, while the rate for 10 grams fell by Rs39 to Rs374,166 .
In contrast, silver prices moved higher locally. The price of silver per tola increased by Rs16 to Rs6,962, while the rate for 10 grams rose by Rs14 to Rs5,909 .
Market analysts noted that local precious metal prices continue to be heavily influenced by developments in international bullion markets, with fluctuations in global gold and silver rates directly affecting domestic prices . The downward trend in gold comes as the metal was heading toward its third consecutive weekly decline .
