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Pakistan Gold Drops Rs3,300 Per Tola as Global Bullion Eases

Firmer dollar plus higher yields cooled prices, with officials urging buyers to check daily authorized rates.

Overview

  • The All-Pakistan Gems & Jewellers Sarafa Association set 24-karat gold at Rs439,762 per tola after a Rs3,300 decline from the prior session.
  • Ten-gram 24-karat gold fell Rs2,829 to Rs377,025, reflecting the same pullback in local quotes.
  • International spot slipped $33 to about $4,174 an ounce, a move local traders say drove the adjustment.
  • The drop followed Thursday’s surge of Rs8,300 per tola to Rs443,062, underscoring pronounced short-term volatility.
  • Silver rose to Rs5,522 per tola on tight supply and investor interest, according to market reports.