Pakistan bullion market saw a modest pullback on Thursday, with gold prices easing slightly after the historic surge earlier in the week. The today gold rate in Pakistan for 24-karat gold fell by Rs. 3,500, closing at Rs. 483,036.
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This minor correction represents a healthy pause after the explosive Rs. 13,700 gain recorded on Monday. The pullback suggests a market consolidation phase as traders take profits following the sharp rally.
In 10 grams, 24-karat gold decreased by Rs. 3,001 to Rs. 414,125, while 22-karat gold fell by Rs. 2,751 to Rs. 379,628. The modest declines across all variants indicate controlled selling pressure.
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The dip was influenced by a slight retreat in global markets. The international gold price per ounce fell by $35 to $4,605, pulling back from recent highs. This global market pause provided a bearish cue for local traders.
Despite today’s decline, gold remains significantly above the July lows and has still gained approximately Rs. 62,000 from the bottom near Rs. 421,000. The broader uptrend appears intact, with today’s move viewed as a routine consolidation.
Earlier to this, gold prices rose by Rs. 4,200 per tola on Monday, with 24-karat gold reaching Rs. 487,136, according to rates certified by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA).
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The latest increase extended the upward trend in the local bullion market, with gold prices continuing to gain following a sharp rise in the previous sessions.
The price of 24-karat gold increased to Rs. 487,136 per tola, while the rate for 10 grams rose by Rs. 3,601 to Rs. 417,640.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for purity 999 (24K).
