KARACHI: Gold prices edged lower in Pakistan and international markets on Thursday, with the decline remaining modest despite continued volatility in global bullion prices.
According to the All Pakistan Sarafa Association, the price of 24-karat gold fell by Rs600 per tola to Rs462,336.
The price of 10 grams of 24-karat gold also declined by Rs515 to Rs396,378.
Silver prices followed the same trend. The price of silver fell by Rs17 per tola to Rs7,124.
In the international market, gold prices declined by $6 per ounce to $4,398.
The modest decline in international gold prices was reflected in the local market, where bullion rates eased slightly after remaining at elevated levels.
Gold prices in Pakistan generally track movements in the international bullion market, while local rates are also influenced by currency movements and domestic market conditions.
Investors continue to closely watch global economic developments and market signals for clues about the direction of gold prices, as the precious metal remains a key safe-haven asset.
