KEY POINTS
- Gold price per tola falls Rs1,000 to Rs418,862, as per APGJSA
- 10-gram gold drops Rs857 to Rs359,106
- International rate slips $10 to $3,965 per ounce (premium $20)
- Silver steady at Rs5,034 per tola.
ISLAMABAD: Gold prices in Pakistan retreated on Thursday, mirroring a mild correction in the international market. The per tola price dropped by Rs 1,000 to settle at Rs 418,862, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The price of 10-gram gold also declined by Rs 857 to close at Rs 359,106. A day earlier, the yellow metal had risen sharply by Rs 3,500 per tola amid global volatility.
In the international market, gold slipped by $10 to trade at $3,965 per ounce (including a $20 premium), as per APGJSA data.
Later in the session, spot gold in Asia gained 0.6 per cent to $3,953.04 per ounce, supported by a weaker US dollar and expectations of extended policy easing after the Federal Reserve’s rate cut.
The price of silver remained unchanged at Rs 5,034 per tola.
Local jewellers said the decline could encourage limited festive buying, though overall demand remains soft after weeks of record highs.
