Gold Extends Losses in Pakistan as Global Market Weakens – New Rates Announced

Domestic Gold Prices Fall for Second Straight Day

Gold prices in Pakistan continued their downward trend on Tuesday, marking the second consecutive day of losses in the local market. The decline follows a broader weakening in the international bullion market.

According to data shared by the All Pakistan Gems and Jewellers Association, the price of gold per tola dropped by Rs 1,000, bringing the new rate to Rs 502,000. Meanwhile, the price of 10 grams of gold fell by Rs 857, settling at Rs 428,808.

A day earlier, the market had already witnessed a sharp correction, with gold per tola declining by Rs 4,900 to Rs 501,162, reflecting sustained pressure on prices.

International Gold Market Under Pressure

In the global market, gold also remained under pressure, falling by around $10 per ounce, with prices hovering near $4,778. Analysts attribute the decline to shifting investor sentiment and fluctuating expectations around global economic stability and geopolitical tensions.

The overall movement indicates a broader correction phase, where investors are adjusting positions after recent volatility in precious metals.

Energy Markets Show Mixed Trend

Alongside gold, global energy markets also showed a mixed but slightly weaker trend after a volatile trading session.

• Brent crude eased to around $93 per barrel
• West Texas Intermediate (WTI) remained relatively stable near $86 per barrel

Traders continue to react to uncertain supply dynamics, particularly linked to Middle East tensions and ongoing speculation around potential US–Iran diplomatic developments.

Other Energy Commodities Slip Slightly

In the broader energy sector:

• Natural gas declined by $0.010 (-0.37%) to $2.665
• Gasoline futures fell by $0.031 (-1.01%) to $3.054

These movements reflect cautious trading behavior as markets weigh geopolitical risks against demand expectations.

Market Outlook

The current decline in gold and mixed performance in energy markets highlight growing uncertainty in global financial conditions. Investors remain focused on geopolitical developments, inflation expectations, and potential shifts in US–Iran relations, all of which could significantly impact commodity prices in the coming days.

For now, both gold and oil markets appear to be in a consolidation phase, with volatility likely to persist.