Gold prices in Pakistan extended their downward trend on Monday, marking the second consecutive decline as both local and international bullion markets opened the week on a weaker note. The latest drop has pushed the price of gold closer to the Rs. 4.35 lakh mark per tola, offering some relief to buyers after recent price volatility.

According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola decreased by Rs. 2,400, bringing the new rate to Rs. 437,436 across the country.

The price of 10 grams of 24-karat gold also witnessed a notable decline. It fell by Rs. 2,058, settling at Rs. 375,030, reflecting the overall softening trend in the domestic precious metals market.

The latest reduction follows a similar decline recorded in the previous trading session, indicating continued weakness in gold prices. Market analysts attribute these fluctuations to changes in international bullion rates, currency movements, and shifting investor sentiment in global financial markets.

International gold prices also edged lower at the start of the week, influencing domestic rates in Pakistan. Since local gold prices are closely linked to global market trends and the exchange rate of the Pakistani rupee against the US dollar, even modest changes in international prices can impact the local market.

Gold remains one of the most preferred investment and savings options in Pakistan, particularly during periods of economic uncertainty and inflation. As a result, daily fluctuations in bullion prices are closely monitored by investors, jewelers, and consumers planning to purchase gold for personal or investment purposes.

While the recent decline may encourage buying activity, market experts believe gold prices will continue to respond to international economic developments, central bank policies, and geopolitical events in the coming weeks.

With the per tola price now standing at Rs. 437,436, traders will be watching global market movements closely to determine whether the downward trend continues or if prices rebound in the coming trading sessions.