KARACHI: Gold prices in Pakistan eased slightly on Saturday, while silver registered modest gains, as investors weighed the durability of the Pakistan-brokered ceasefire between the United States and Iran and the reopening of the Strait of Hormuz.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold fell by Rs.700 per tola, settling at Rs.496,962, while 10 grams of 24-karat gold declined by Rs.600 to Rs.426,064. International gold prices also softened, slipping to $4,746 per ounce, down $7. In contrast, silver prices rose, with domestic rates climbing by Rs50 per tola to Rs8,064, while international silver advanced to $75.80 per ounce, up $0.50.
The mixed trend follows a week of heightened volatility in bullion markets. Earlier this week, gold surged to record highs after Islamabad successfully mediated a two-week truce between Washington and Tehran, leading to the reopening of the Strait of Hormuz — a critical artery for global oil shipments.
Analysts said Saturday’s adjustment reflected cautious trading, with investors balancing safe-haven demand against profit-taking. “Gold has cooled after its extraordinary rally, but silver is benefiting from industrial demand and optimism that trade flows through Hormuz will stabilise,” noted a Karachi-based dealer.
