Gold prices declined on Tuesday in both international and local markets following a correction in global rates, while silver prices continued to rise and reached new record levels, market sources said.
In the international bullion market, gold prices fell by $15 per ounce to $5,082 after rising for three consecutive days. The drop in global prices directly affected local markets.
As a result, the price of 24-carat gold in Pakistan fell by Rs1,500 per tola to Rs530,562. Similarly, the rate of 10 grams of gold decreased by Rs1,286 to Rs454,871.
In contrast, silver prices continued their upward movement. In the global market, silver rose by $2.12 per ounce to $111.65, pushing local prices to fresh highs.
The price of silver per tola increased by Rs212 to Rs11,640, while the rate for 10 grams rose by Rs182 to Rs9,979.
A day earlier, gold prices in Pakistan had reached an all-time high, crossing Rs532,000 per tola. The surge followed a strong rally in international markets, where gold climbed above $5,100 per ounce due to increased safe-haven demand amid global tensions and currency fluctuations.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold per tola rose by Rs10,900 on Monday to settle at Rs532,062, while the price of 10 grams increased by Rs9,345 to Rs456,157.
The bullish trend had already gained strength on Saturday, when gold prices rose by Rs6,500 per tola, reflecting continued investor interest in precious metals.
