ISLAMABAD — Domestic bullion markets recorded a downward trend for the third consecutive session on Saturday, as gold prices across Pakistan extended losses following mirroring shifts in international commodity exchanges. According to pricing data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the rate for 24-karat gold decreased by Rs 700, bringing the cost down to Rs 410,936 per tola.
The latest adjustment follows a sequence of sharp declines over the preceding days. On Thursday, the precious metal dropped significantly by Rs 10,900 per tola, followed by an additional decline of Rs 4,900 per tola on Friday. In total, the cumulative loss over the three-day span reached Rs 16,500 per tola, retreating from a peak of Rs 427,436 recorded on Wednesday. Concurrently, the price for 10-gram 24-karat gold dipped by Rs 600 to close at Rs 352,311.
The domestic correction directly mirrors movements in the global arena, where international gold prices contracted by $7 to reach $3,884 per ounce. The downward pressure also extended to other precious metals in the local market, with silver prices experiencing a notable reduction of Rs 124, bringing the rate down to Rs 5,343 per tola.
For retail buyers and investors, the consecutive sessions of depreciation offer substantial relief after weeks of elevated valuations. Based on the updated APGJSA schedule, half a tola of pure 24-karat gold is valued at approximately Rs 205,468, while a two-tola purchase is priced near Rs 821,872—reflecting a cumulative saving of roughly Rs 33,000 compared to the rates observed mid-week. Market analysts note that while baseline bullion costs have eased, retail purchasers continue to factor in standard manufacturing and making charges levied by jewelers.