Gold prices continued their downward trend for the fifth straight day in both international and domestic markets, with significant declines recorded on Friday.
Globally, the price of gold per ounce dropped by $16, settling at $3,356, while in Pakistan, 24-carat gold fell by Rs 1,595 per tola, bringing the new rate to Rs 357,000. Ten grams of gold also decreased by Rs 1,368, reaching Rs 306,069.
Silver prices followed the trend, with a Rs 24 drop per tola (Rs 3,796) and a Rs 21 decline per ten grams (Rs 3,254). Internationally, silver fell by $0.24 per ounce to $36.13.
Over the past five days, gold has lost Rs 5,000 per tola and $76 per ounce, marking one of the steepest weekly declines in recent months. Market analysts attribute the slump to shifting investor sentiment and strengthening currency trends.
Jewelers and traders expect further volatility as global economic conditions evolve.
Also read: Gold prices in Pakistan finally begin to decline, today’s latest rates
