Karachi : The value of gold continues to slip in Pakistan, reflecting a broader cooling in global bullion trends. In the latest movement, both local and international markets have recorded fresh declines, signaling possible shifts in investor sentiment.
On Saturday, the price of 24-karat gold fell by Rs. 900 per tola, bringing the new market rate to Rs. 356,200. Similarly, the rate for 10 grams of gold slid by Rs. 771, settling at Rs. 305,384.
This local dip mirrors global movements, where gold prices in the international market retreated by $9 per ounce, placing the new international benchmark at $3,335 per ounce.
Financial analysts suggest the decline is influenced by a combination of global economic cooling, expectations of monetary tightening in key economies, and a firmer US dollar. As a result, gold’s traditional role as a safe-haven asset is facing renewed competition from alternative investment options.
Despite the decrease, traders in local bullion markets describe buyer interest as stable, noting that price drops often stir increased retail activity, especially in wedding seasons and festival periods.
If the current momentum continues, gold prices could face further corrections in the near term — although geopolitical developments and currency fluctuations may still play a decisive role.
