Gold prices in Pakistan fell on Wednesday, tracking a drop in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association(sarafa market )(APGJSA), the price of a single tola decreased by Rs 1,000 to settle at Rs 419,362. Similarly, the price of 10 grams of gold fell by Rs 857 to Rs 359,535. This follows a significant decline of Rs 3,500 per tola the previous day. In contrast, the price of silver remained unchanged at Rs 5,022.
After decline , international gold prices saw a rebound on Wednesday as investors looked for bargains. However, this recovery was not reflected in the Pakistani market, where local gold prices continued their downward trend. The domestic price per tola fell by Rs 1,000 to Rs 419,362, extending Tuesday’s Rs 3,500 loss. Market attention is now focused on upcoming US economic data for hints on the Federal Reserve’s future interest rate decisions.
Pakistan Gold Market Update –
- Local Gold (Per Tola): Decreased by Rs 1,000 to Rs 419,362.
- Local Gold (10 Grams): Decreased by Rs 857 to Rs 359,535.
- Previous Day: A much larger decline of Rs 3,500 per tola was recorded on Tuesday.
- Silver: Remained stable at Rs 5,022.
- International Context: The drop followed a decline in the global market, where gold fell by $10 to $3,970 per ounce (including a $20 premium). However, international prices later rebounded as bargain hunters entered the market.
Gold & Silver Prices in Pakistan
Item | Weight | Price on Tuesday | Price on Wednesday | Change | Source |
| Gold | 1 Tola | Rs 420,362 | Rs 419,362 | – Rs 1,000 | All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) |
| Gold | 10 Grams | Rs 360,392* | Rs 359,535 | – Rs 857 | All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) |
| Silver | 1 Tola** | Rs 5,022 | Rs 5,022 | No Change | All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) |
| International Gold | per Ounce | ~$3,980* | $3,970* | – $10 | Market Data |
Conclusion
Investors and buyers should expect continued volatility. The direction of local gold prices in Pakistan will directly mirror the international trend, which is currently in a “wait-and-see” mode. The release of key US economic data in the next few days will be the critical determinant, making the market highly sensitive to incoming news.
If the US data remains strong, suggesting the Fed will keep interest rates high for longer, the opportunity cost of holding non-yielding gold increases. This could lead to astronger US dollar and put downward pressure on international gold prices. In this case, the decline in Pakistan’s local gold market is likely to continue.
Frequently Asked Questions (FAQs)
Who provides the official gold rates in Pakistan?
- The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) is the primary source that shares the official daily rates for gold and silver in the local market.
What is the outlook for gold prices in the coming days?
The outlook is uncertain and volatile. It heavily depends on the international market, which is currently focused on US economic data. If the data suggests the US Federal Reserve will cut interest rates, gold prices could rise. If not, prices may stabilize or fall further. Investors should watch for key US economic reports.www.factcontent.comEntertainment
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