Precious metal prices extended their downward trajectory in both domestic and international markets on Tuesday, as easing geopolitical tensions and shifting investor sentiment reduced demand for safe-haven assets.
Silver also mirrored the bearish trend, with domestic and global rates recording notable declines alongside gold.
In the international bullion market, gold fell by $104 per ounce to $4,098, down from $4,202 in the previous session, reflecting broad-based selling pressure.
Locally, the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) reported a sharp drop in gold prices. The rate of 24-karat gold per tola decreased by Rs10,400 to Rs432,236, compared with Rs442,636 a day earlier.
Similarly, the price of 10 grams of 24-karat gold slipped by Rs9,360 to Rs368,985, while 22-karat gold declined by Rs8,508 to settle at Rs338,575.
Silver prices followed suit. The per tola rate fell by Rs487 to Rs6,664, down from Rs7,151, while 10 grams of silver dropped by Rs438 to Rs5,641. In the global market, silver was also under pressure, sliding by $4.861 per ounce to $61.853.
Market observers said the decline was driven by improved risk appetite among investors, which reduced demand for traditional safe-haven commodities such as gold and silver.
They added that despite the short-term weakness, gold continues to attract long-term interest as a hedge against inflation, currency volatility, and broader economic uncertainty. Analysts further noted that future price movements would remain sensitive to central bank policy decisions, geopolitical developments, and macroeconomic indicators in the coming weeks.