Gold price in Pakistan falls Rs10,400 per tola

Gold prices in Pakistan saw a significant drop on Monday, with the rate of 24-karat gold falling by Rs10,400 per tola, now priced at Rs340,500, according to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).

Similarly, the price of 24-karat gold per 10-gram declined by Rs8,917, settling at Rs291,923. The 22-karat gold rate also went down to Rs267,693 per 10-gram.

Silver prices followed the same trend. 24-karat silver dropped by Rs17, now priced at Rs3,400 per tola, and Rs2,914 per 10-gram, showing a Rs15 decline.

Global Market Impact

On the international front, spot gold traded around $3,216 per ounce, down $70.2 or 2.14% from the previous session. This marks its lowest level in over a week.

The global decline came after the United States and China reached a trade agreement to reduce mutual tariffs. This development strengthened the U.S. dollar, making gold less attractive as a safe-haven asset.