Overview

• APGJSA reported gold at Rs446,300 per tola on Saturday, down Rs10,600 from a record Rs456,900 set the previous day.
• International bullion fell by about $106 per ounce, pulling local Pakistani gold prices lower for the session.
• Silver in Pakistan eased by Rs231 to Rs5,273 per tola on Saturday after a mid-October run that left prices roughly 60% higher year to date.
• Market voices cite scarce physical supply, rising ETF demand, inflation and geopolitical risks as key supports for elevated precious‑metal prices.
• Regional pressure is visible in India, where silver prices were reported up about 61% over nine months with retailers struggling to keep stock.