ISLAMABAD – Gold prices in Pakistan extended their downward trend, with 24-karat gold falling by Rs5,200 per tola to Rs419,636 amid decline in international bullion markets. Silver prices also moved lower as weakening global precious metal rates continued to influence the domestic market.
On July 1, the price of 24-karat gold dropped by Rs5,200 per tola, bringing the new rate to Rs419,636, according to the latest market update.
The price of 10 grams of 24-karat gold also declined by Rs4,458, settling at Rs359,770. The latest decrease follows Tuesday’s drop of Rs4,100 per tola, when gold closed at Rs424,836 amid sustained correction in the domestic precious metals market.
Latest Gold and Silver Prices
| Metal | Change | Updated Price |
|---|---|---|
| Gold (Per Tola) | -Rs5,200 | Rs419,636 |
| Gold (10 Grams) | -Rs4,458 | Rs359,770 |
| Gold (Global) | -$52 | $3,972 |
| Silver (Per Tola) | -Rs107 | Rs6,242 |
22Karat Gold Rates
| Weight | 22K Gold | 21K Gold | 18K Gold |
|---|---|---|---|
| Per Tola | Rs395,633 | Rs377,650 | Rs323,700 |
| Per Gram | Rs33,919 | Rs32,377 | Rs27,752 |
| Per 10 Grams | Rs339,194 | Rs323,776 | Rs277,522 |
| Per Ounce | Rs961,389 | Rs917,689 | Rs786,591 |
The decline in local gold prices came after international bullion values weakened. In the global market, gold lost $52 per ounce, trading at $3,972 per ounce, a rate that includes a $20 premium. The international downturn has continued to influence Pakistan’s bullion market, where local prices generally move in line with global trends.
Silver prices also recorded losses during Wednesday’s trading session. The price of silver fell by Rs107 per tola, bringing the new domestic rate to Rs6,242.
