Per Tola Gold Price in Pakistan Continues to Decrease

Gold prices in Pakistan continued their downward trend on Monday, mirroring declines in the international market.

According to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold per tola fell by Rs. 3,300, settling at Rs. 430,362. Similarly, the price of 10 grams of gold dropped by Rs. 2,829, closing at Rs. 368,966 for the day.

The decline follows a brief weekend surge. On Saturday, gold prices had recorded an increase of Rs. 1,800 per tola, pushing rates to Rs. 433,662.

In the international market, gold also slipped, with the global rate reported at $4,080 per ounce (including a $20 premium), reflecting a $33 decrease, according to APGJSA.

Silver prices in the local market followed the same trajectory, with the rate per tola falling by Rs. 27 to reach Rs. 5,097.

Analysts attribute the latest drop to a stronger U.S. dollar, which reached a two-week high against the Japanese yen. This strength makes gold more expensive for holders of other currencies, reducing demand.

Additionally, signs of easing U.S.-China trade tensions have diminished gold’s appeal as a safe-haven asset. Investors are also treading cautiously ahead of major central bank policy meetings expected later this week, which could influence global monetary policy and, by extension, gold’s short-term price movement.

Market watchers note that while global economic uncertainty continues to support long-term demand for precious metals, short-term fluctuations are being driven largely by currency movements, geopolitical signals, and investor sentiment.