Gold prices plunge by Rs11,300 in Pakistan as five-day losing streak continues - The Nation (Pakistan )

AI desk brief

Gold fell sharply in Pakistan for a fifth straight session, with 24-karat prices down Rs11,300 per tola to Rs454,036 and 10-gram prices off Rs9,688 to Rs389,262, according to the All Pakistan Sarafa Association. Silver also weakened, losing Rs270 per tola to Rs6,859, while international gold dropped $113/oz to $4,315, confirming a broad precious-metals selloff rather than a purely local move.

The move marks a notable reversal after gold had held elevated levels in both domestic and global markets. Near-term tone is clearly softer for XAU and XAG, with the international leg likely driving Pakistan pricing; traders will watch whether the selloff extends if global bullion remains under pressure or if bargain buying emerges after this five-day decline.