KARACHI: After four consecutive days of upward momentum, gold prices in both domestic and international markets have finally recorded a downward trend.
According to the All Pakistan Sarafa Association, the price of 24-karat gold decreased by Rs 600, bringing the rate down to Rs 486,536 per tola.
Mettis Global
Key Market Prices:
- Per Tola Gold: Rs 486,536 ( down by Rs 600)
- 10 Gram Gold: Rs 417,126 (down by Rs 514)
- International Market (Per Ounce): $4,640 (down by $6)
- Per Tola Silver: Rs 7,279 (down by Rs 100)
Market experts note that despite this temporary correction, global economic indicators and ongoing supply chain dynamics suggest a strong possibility of per-tola gold prices crossing the Rs 500,000 threshold within the current month.
Overview of Gold Prices in Pakistan Over the Past 6 Months
Analyzing the trajectory of bullion trends over the past six months reveals a period of high volatility and aggressive upward momentum driven by inflationary pressures, shifting currency values, and fluctuating global economic policies.
Moving from early 2026 into the middle of the year, the local market experienced record-breaking highs that continually tested consumer purchasing power.
At the start of the six-month window, prices hovered around lower thresholds, but strong international bullion demand quickly pushed domestic rates higher.
Throughout the spring months, localized spikes frequently crossed major psychological barriers, propelled by a softening local currency and rising international spot rates which touched historic peaks.
Despite occasional profit-taking corrections—such as temporary dips mid-season—the overarching trajectory remained heavily bullish.
Market strategists attribute this sustained surge to persistent global geopolitical tensions and institutional investors turning aggressively toward safe-haven assets.
As central banks worldwide adjusted monetary policies, retail and commercial demand inside domestic bullion centers remained exceptionally robust.
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Consequently, local rates consistently recovered from minor dips, establishing a new normal baseline that places precious metals at historically elevated valuations heading toward the final quarters of the year.
