KARACHI: Gold prices decreased in Pakistan on Friday, in line with trends in the global bullion market amid ongoing geopolitical developments.
According to detail, In the local market the price of 24-karat gold per tola fell by Rs3,300 to settle at Rs501,562, according to rates issued by the All Pakistan Sarafa Gems and Jewellers Association.
Similarly, the price of 10 grams of 24-karat gold decreased by Rs2,829 to Rs430,008.
In the international market, gold prices dropped by $33 per ounce, reaching $4,792.
Silver prices also witnessed a decline in both local and global markets. The price of silver per tola decreased by Rs70 to Rs8,444.
Market analysts attributed the downward trend to evolving geopolitical dynamics and ongoing diplomatic developments, particularly involving the United States and Iran, as efforts toward de-escalation continue.
Pakistan, which has been facilitating dialogue between Washington and Tehran, is pushing for a permanent ceasefire to support sustained diplomatic engagement.
Despite short-term fluctuations, experts remain optimistic about gold’s long-term outlook, citing its status as a safe-haven asset during periods of economic and political uncertainty.
