ISLAMABAD – Gold prices took another hit in Pakistan on August 27, as bullion moved down by Rs3,500 per tola due to fresh decline in international market.
On Thursday, gold dropped to Rs483,036 per tola, extending the downward trend seen a day earlier. The price of 10-gram gold also plunged by Rs3,001 to Rs414,125, adding to the pressure on the precious metal market. The latest fall came after gold had already slipped by Rs600 per tola on Wednesday, closing at Rs486,536.
| Category | Price |
| Gold per tola | Rs483,036 |
| Gold 10 grams | Rs414,125 |
| Silver per tola | Rs7,329 |
The pressure on local prices mirrored developments in the global market, where gold fell $35 to $4,605 per ounce, with a $20 premium included in the quoted rate.
While gold lost ground, silver moved in the opposite direction. Its price rose by Rs50 to Rs7,329 per tola, providing a contrasting trend in the precious metals market.
Gold Rates in Lahore
| Market | Price |
|---|---|
| Lahore – Piece | Rs453,500 / Rs452,500 |
| Lahore – Pathoor | Rs448,500 / Rs446,500 |
| 1kg Bar – Sell | Rs6,900 |
| Karachi – Sell | Rs453,000 |
| Peshawar – Sell | Rs468,500 |
Reported market rates showed piece gold in Lahore at Rs453,500/Rs452,500, while Pathoor was quoted at Rs448,500/Rs446,500.
The reported 1kg bar selling rate stood at Rs6,900, while the selling rates for Karachi and Peshawar were listed at Rs453,000 and Rs468,500, respectively.
The latest move keeps Pakistan’s gold market under pressure as global bullion prices continue to influence domestic rates.
Gold prices decline in Pakistan after four-day winning streak
