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Gold prices in Pakistan dropped further on Thursday, following the downward movement in international markets. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola fell by Rs. 3,500, settling at Rs. 433,862, while 10 grams of gold declined by Rs. 3,001 to Rs. 371,966.
This marks the second consecutive day of decline, with gold prices already falling by Rs. 7,538 per tola on Wednesday. The continuous drop comes amid global uncertainty, as investors anticipate US inflation data that could influence the Federal Reserve’s next rate decision a key factor driving gold’s global trajectory.
Market Details
| Type | Previous Price | New Price | Change |
| Gold (1 Tola) | Rs. 437,362 | Rs. 433,862 | ▼ Rs. 3,500 |
| Gold (10 Grams) | Rs. 374,967 | Rs. 371,966 | ▼ Rs. 3,001 |
| Silver (1 Tola) | Rs. 5,110 | Rs. 5,110 | (No Change) |
| International Gold (per ounce) | $4,150 | $4,115 | ▼ $35 |
Global Market Influence
Internationally, gold prices dipped 0.2% to $4,084.29 per ounce, while US gold futures for December delivery rose slightly by 0.9% to $4,100.90. Analysts attribute the mixed movement to a stronger US dollar and investor caution ahead of key inflation data.
“Gold’s decline reflects investor confidence shifting towards the dollar as global inflation fears ease,” said a local jeweller in Karachi. “However, if the US data signals higher inflation, we could see gold prices rebound in the coming days.”
