Gold prices fall by Rs2,400 per tola - The Nation (Pakistan )

AI desk brief

Gold and silver were both weaker in Pakistan’s local market on Monday, with 24-karat gold per tola down Rs2,400 to Rs463,136 and 10-gram 24-karat gold off Rs2,058 to Rs397,064. International gold also eased $24 to $4,406/oz, while local silver per tola fell Rs39 to Rs7,059 and spot silver slipped $0.39 to $65.80/oz.

The move was reported by the All Pakistan Sarafa Gems and Jewellers Association, which also showed 22-karat gold down Rs1,887 to Rs363,988 per 10 grams and 10-gram silver down Rs34 to Rs6,051. The data point to a broad correction across both metals rather than a gold-specific move, with domestic pricing tracking the softer international tape.

For traders, the key takeaway is that the local market is pricing in a pullback from elevated levels, with gold still above $4,400/oz globally but losing momentum intraday. Near-term direction will likely hinge on follow-through in the international gold market and whether silver can hold the $65/oz area after the latest decline.