Gold prices in Pakistan slipped on Saturday, tracking a mild downturn in the international bullion market, though the metal remains close to a record psychological threshold.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola declined by Rs700 to settle at Rs496,962 in the local market. Similarly, the rate of 10-gram gold dropped by Rs600, reaching Rs426,064.

This follows Friday’s session, when gold had surged by Rs3,000 per tola to close at Rs497,662, keeping it just a step away from the Rs500,000 mark that traders are closely watching.

In global trading, gold prices eased by $7 per ounce to $4,746 (with a $20 premium), reflecting mild pressure in international markets.

Meanwhile, silver moved in the opposite direction, gaining Rs50 per tola to settle at Rs8,064, showing selective strength in precious metals despite gold’s retreat.