Gold Prices slide below Rs420,000 Per Tola in Pakistan after fresh losses

ISLAMABAD – Gold prices in Pakistan extended their downward trend, with 24-karat gold falling by Rs5,200 per tola to Rs419,636 amid decline in international bullion markets. Silver prices also moved lower as weakening global precious metal rates continued to influence the domestic market. On July 1, the price of 24-karat gold dropped by Rs5,200 per tola, bringing the new rate to Rs419,636, according to the latest market update. The price of 10 grams of 24-karat gold also declined by Rs4,458, settling at Rs359,770. The latest decrease follows Tuesday’s drop of Rs4,100 per tola, when gold closed at Rs424,836 amid sustained correction in the domestic precious metals market. Latest Gold and Silver Prices Metal Change Updated Price Gold (Per Tola) -Rs5,200 Rs419,636 Gold (10 Grams) -Rs4,458 Rs359,770 Gold (Global) -$52 $3,972 Silver (Per Tola) -Rs107 Rs6,242 22Karat Gold Rates Weight 22K Gold 21K Gold 18K Gold Per Tola Rs395,633 Rs377,650 Rs323,700 Per Gram Rs33,919 Rs32,377 Rs27,752 Per 10 Grams Rs339,194 Rs323,776 Rs277,522 Per Ounce Rs961,389 Rs917,689 Rs786,591 The decline in local gold prices came after international bullion values weakened. In the global market, gold lost $52 per ounce, trading at $3,972 per ounce, a rate that includes a $20 premium. The international downturn has continued to influence Pakistan’s bullion market, where local prices generally move in line with global trends. Silver prices also recorded losses during Wednesday’s trading session. The price of silver fell by Rs107 per tola, bringing the new domestic rate to Rs6,242. Gold falls Rs4,100 per tola to Rs424,836 in Pakistan