Gold prices in Pakistan and the international market experienced a noticeable downtrend this week, with a total drop of Rs6,200 per tola locally and $62 per ounce worldwide. This fall highlights the ongoing volatility in precious metals amid global economic fluctuations.
According to the latest figures from the All Sindh Saraf Association, gold prices decreased steadily throughout the week: Monday saw a decline of $36 per ounce and Rs3,600 per tola, Tuesday dropped $5 and Rs500, Wednesday fell $2 and Rs200, and Friday recorded a dip of $10 and Rs1,000. Markets were closed on Thursday due to the August 14 holiday.
By Saturday, international gold prices slid further by $9 per ounce, while domestic rates decreased by Rs900 per tola. By week’s end, gold in Pakistan was valued at Rs356,200 per tola, and globally at $3,335 per ounce.
Meanwhile, silver showed slight gains, with global rates climbing $0.18 per ounce to $37.98 and domestic prices rising Rs24 per tola to reach Rs4,037.
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Investors are closely watching these shifts in gold prices in Pakistan, as the market remains sensitive to both domestic and global economic indicators.
