Gold loses Rs5,500 per tola, trading at Rs320,000 locally.
A notable decline in gold prices was observed in Pakistan on Saturday, echoing global market losses.
Gold Price in Pakistan Drops Sharply After Eid Holidays Amid Global Market Slide

Gold prices in Pakistan witnessed a significant decline on Saturday, aligning with a broader downturn in international markets. According to the latest update from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the per tola gold price dropped by Rs5,500, bringing the rate down to Rs320,000 in the local market.

Similarly, the 10-gram gold rate fell by Rs4,714, now standing at Rs274,348.

The local bullion market reopened after the Eidul Fitr holidays, during which gold rates had surged to record levels. Before the recent drop, gold price per tola had reached a historic high of Rs325,500, while the 10-gram gold had climbed to Rs279,063.

Earlier in the week, both domestic and international gold prices had soared, with the global gold rate nearing $3,100 per ounce, according to market traders.

This latest APGJSA gold rate update suggests a cooling in demand and prices after a festive surge, heavily influenced by fluctuations in the global bullion market.