KARACHI: Gold prices in Pakistan eased on Saturday after a record-breaking run, mirroring a slight downturn in the international market and giving buyers a moment of relief. In the local market, the price of 24-carat gold per tola fell by Rs200 to settle at Rs386,300, while the 10-gram rate slipped by Rs172 to Rs331,189, according to the All-Pakistan Gems and Jewellers Sarafa Association.
The decline came only a day after the precious metal had jumped by Rs2,500 in a single session to hit Rs386,500 per tola, a surge that had once again sparked worries among buyers.
Traders say the correction was expected after a steep rise, noting that global bullion prices softened, prompting a small adjustment at home. They added that local demand also cooled down following the surge, as many buyers held back in the hope of further drops. At the same time, the weakness of the Pakistani Rupee is keeping gold expensive compared to international benchmarks, limiting how much relief consumers can actually enjoy.
Market observers believe that gold’s movements in Pakistan remain tied to two key factors: global market swings and the exchange rate. While the slight decline may encourage some buyers to return, especially with the wedding season approaching, there is still uncertainty about whether this dip will last.
For those watching closely, today’s fall may feel like a buying opportunity, but the volatility means the risk of another sudden price jump is never too far away.
