Pakistan Gold Price Falls Rs1,000 to Rs462,136 Per Tola

Gold prices in Pakistan moved lower on Tuesday, September 8, with the benchmark price of 24-karat gold falling by Rs1,000 per tola. The latest market quotation placed one tola at Rs462,136, extending the decline recorded at the start of the week and giving buyers and traders a fresh domestic bullion benchmark.

The price of 10 grams of gold also decreased, falling by Rs857 to Rs396,207. The figures were based on rates shared by the All-Pakistan Gems and Jewellers Sarafa Association, which tracks and reports changes in the local precious-metals market.

The domestic decline came alongside softer international bullion prices. Gold in the international market was reported at $4,396 per ounce, down $10. The simultaneous movement in both markets meant Pakistan's gold quotations followed the downward direction seen in the global benchmark during Tuesday's trading.

Tuesday's fall was the second consecutive daily decline reported in Pakistan. A day earlier, gold had dropped by Rs2,400 per tola to Rs463,136. The latest Rs1,000 reduction therefore pushed the per-tola quotation further below Monday's closing level, marking another session of easing after the recent elevated prices.

Silver moved in the opposite direction. Its local price increased by Rs10 to Rs7,069 per tola, even as gold weakened. The differing moves showed that the two major precious metals did not follow the same direction in the domestic market during the session.

For Pakistani consumers, jewellers and bullion traders who use daily association quotations as a reference, the immediate effect is a lower gold benchmark than the previous day. The change is particularly relevant for transactions priced by weight, including per-tola and 10-gram purchases, although Tuesday's reports did not announce any separate government or regulatory measure connected with the price adjustment.

The next confirmed direction for domestic bullion will emerge through subsequent rate announcements and changes in international gold prices. With gold having declined for two successive sessions while silver edged higher, market participants will be watching whether the international bullion market extends its fall or reverses course in the next trading period.