Gold prices in Pakistan moved lower for a second consecutive session on Friday, recording modest losses following a sharp fall in the previous trading day.

According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of gold per tola dropped by Rs. 1,000, settling at Rs. 467,262, while the rate for 10 grams decreased by Rs. 858 to Rs. 400,601.

The latest decline comes a day after bullion prices witnessed a major correction, when gold fell by Rs. 11,000 per tola to close at Rs. 468,262 on Thursday.

International Market Weakness

In global markets, gold prices also edged lower, declining by $10 per ounce to reach $4,445, alongside an additional premium of $20, reflecting softer international sentiment that influenced domestic rates.

Silver Prices Also Fall

Silver followed a similar trend, losing Rs. 30 per tola to settle at Rs. 7,454, mirroring weakness across precious metals.

Market analysts attribute the continued easing in local bullion prices to movements in international gold markets and currency-driven adjustments impacting domestic valuations.