Gold prices fall while silver hits new highs in local markets

Price per 10 grams declines by Rs1,286

Gold prices fell in both international and local markets, while silver continued its upward trend, according to market sources on Tuesday.

A correction in global gold rates caused the decline, while silver prices recorded a steady increase. In the international bullion market, the price of gold per ounce fell by $15 to $5,082 after a three-day interval.

Consequently, the price of 24-carat gold per tola in local markets dropped by Rs1,500 to Rs530,562. Similarly, the price per 10 grams declined by Rs1,286 to Rs454,871.

Meanwhile, global silver prices rose by $2.12 to $111.65 per ounce, pushing local rates to new highs. The price of silver per tola increased by Rs212 to Rs11,640, while the 10-gram rate rose by Rs182 to Rs9,979.

Read: Gold surges past Rs532,000 on global rally

Earlier on Monday, gold prices in Pakistan surged to another historic high above Rs532,000, mirroring a powerful rally in international markets where bullion climbed above $5,100 per ounce, driven by safe-haven demand amid escalating geopolitical tensions and currency volatility.

In the domestic market, the price of gold per tola rose by Rs10,900 to reach a new record of Rs532,062, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, the price of 10-gram gold increased by Rs9,345 to Rs456,157.

The latest surge followed another strong session on Saturday, when gold per tola had gained Rs6,500 to close at Rs521,162, indicating sustained bullish momentum in the local bullion market.