Overview
- Pakistan’s per‑tola gold price fell by Rs9,100 on Saturday to Rs430,662, tracking a $91 drop in international prices to about $4,083 per ounce, according to local jewellers’ associations.
- The decline followed Friday’s Rs3,300 slide in Pakistan to Rs439,762, underscoring a rapid two‑day reversal after sharp swings earlier in the week.
- Indian on‑shore rates also eased on Friday, with 24‑carat gold quoted at Rs12,785 per gram, down Rs80, based on GoodReturns data reported by Times Now.
- Analysts linked the latest leg lower to a firmer US dollar, higher global bond yields and reduced odds of an imminent Federal Reserve rate cut, with volatility and swift intraday moves persisting.
- Silver tracked the weakness, with Pakistan’s per‑tola price down Rs209 to Rs5,313 and India lower by Rs100 to Rs90,900 per kilogram.