KARACHI: Gold prices in Pakistan extended their downward trajectory on Thursday, marking a decline for the third successive day in both international and local markets.
Kicking off the year 2026, the prices of gold and silver experienced further drops, influenced by a subdued global bullion market.
In the international market, gold prices fell by $24 per ounce, settling at $4,322. This decline impacted the local bullion market as well, where the price of 24-carat gold per tola decreased by Rs2,400 to reach Rs454,562.
Likewise, the rate for 10 grams of 24-carat gold saw a reduction of Rs2,058, dropping to Rs389,713.
Silver also followed the downward trend during the session. In domestic markets, the price of silver per tola slid by Rs83 to Rs7,635, while 10 grams of silver dropped by Rs71 to Rs6,545.
Experts attribute the sustained dip in precious metal prices to global market fluctuations, investor profit-taking, and evolving economic indicators. Traders anticipate continued volatility in bullion rates as international economic conditions and currency valuations remain key influencing factors.
