Gold and Silver Prices Decline in Pakistan Amid Global Market Downturn

Karachi:On **November 1**, Pakistan’s local bullion markets witnessed a **decline in gold and silver prices**, reflecting a broader downward trend in the international market.
According to the **All Pakistan Gems and Jewellers Association (APGJA)**, the price of **24-karat gold per tola** dropped by **Rs 1,600**, bringing it down to **Rs 422,562**. Similarly, **10 grams of 24-karat gold** fell by **Rs 1,372**, now selling at **Rs 362,278**.
Prices of **22-karat gold** also decreased, with **10 grams** down by **Rs 1,257**, now priced at **Rs 332,100**.
Silver followed the same trend, with the **price per tola** decreasing by **Rs 65** to **Rs 5,127**, while **10 grams of silver** fell by **Rs 56** to **Rs 4,395**.
In the **international bullion market**, gold dropped by **$16 per ounce**, trading at **$4,002**, while silver declined by **$0.62 per ounce**. The global downturn has directly impacted local gold and silver rates, signaling a cooling trend after weeks of high volatility.