Gold and silver prices have recorded a significant decline in Pakistan due to price fluctuations in the global market. According to the All Pakistan Sarafa Association, gold prices in the local market continued to decline for the second consecutive day.
Gold per tola: The price of gold per tola across the country has dropped by Rs 1,000 to Rs 467,262. 10 grams of gold: Similarly, the price of 10 grams of gold also saw a decline of Rs 858, after which the new price has been set at Rs 400,601.
Along with gold, silver prices also trended downward. Silver per tola in the local market fell by Rs 30 to reach Rs 7,454. Gold prices also witnessed a decline in the international bullion market. Globally, the price of gold per ounce fell by $10 to $4,445, which directly impacted local market prices.
According to international media reports, the price of gold rose by about 4 percent in a single day to above $4,550 per ounce after US President Donald Trump’s recent statement regarding negotiations with Iran.
This increase was seen when Trump indicated that Iran had made an ‘offer’ regarding energy transmission through the Strait of Hormuz, which is being considered as a breakthrough in possible peace talks.
According to reports, the talks may start from Thursday, but there has been no official response from Tehran yet. According to international media reports, after nine consecutive days of decline, traders suddenly changed their strategy and gold buying increased.
Strategist Naveen told Indian media ‘NDTV’ that this increase is not a fundamental confidence but a temporary boom caused by the impact of the news. He said that the market is moving away from war fears and towards hope for peace, which has led short-selling investors to close their positions and prices have risen.
Although the recent rally is significant, gold is still about 20% below the January 2026 high of $5,626 per ounce, which has forced investors to wonder what the real direction of gold is. According to reports, Dr. Renisha Chenani, head of Augment Research, says that in the current era, ‘liquidity’, i.e. the need for cash, is affecting the market more than geopolitical tensions.
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