Gold price declines further in Pakistan amid global market slump - The Express Tribune

AI desk brief

Gold and silver prices fell further in Pakistan alongside a global bullion selloff, with international gold down $24/oz to $4,406 and silver down 39 cents to $65.80. Local rates followed suit: gold fell Rs2,400 per tola to Rs463,136 and Rs2,058 per 10 grams to Rs397,064, while silver slipped Rs39 per tola to Rs7,059 and Rs34 per 10 grams to Rs6,051.

The report also notes the previous session’s weakness, when international gold dropped $36/oz to $4,430 after two unchanged days, dragging Pakistani wholesale prices lower as well. The move looks like a straightforward pass-through from global bullion into local market pricing rather than a Pakistan-specific demand shock.

Near term, the tone is bearish for precious metals as the article frames the decline as part of a broader international slump. The key watchpoint is whether global spot gold can stabilize above the $4,400 area and whether silver holds the mid-$65s; further weakness would likely keep local SARafa rates under pressure.