KARACHI: Gold prices extended their downward trend for the fourth straight trading day, ending on a negative note on Friday, traders said.
Over the week, gold per-tola rate slipped below the key psychological level of Rs500,000 in the domestic market, All Pakistan Sarafa Gems and Jewellers Association said.
According to association data, on Friday, April 24, gold per tola settled at Rs490,862, posting a decline of Rs2,900, while the price of 10 grams of gold fell by Rs2,486 to Rs420,835. In the international market, gold was quoted at USD4,685 per ounce, down USD29.
Silver prices also registered losses on the same day declining by Rs142 to Rs7,957 per tola, whereas 10 grams dropped by Rs122 to Rs6,821. International silver prices stood at USD74.73, reflecting a fall of USD1.42.
The downward momentum had already been evident a day earlier. On Thursday, April 23, gold per tola was recorded at Rs493,762, down Rs5,200, while 10 grams closed at Rs423,321 after losing Rs4,458. International gold prices fell by $52 to USD4,714. Silver per tola dropped by Rs225 to Rs8,099, 10 grams declined by Rs193 to Rs6,943. International silver slid by USD2.25 to USD76.15.
Losses continued on Wednesday, April 22, when gold per tola decreased by Rs1,200 to Rs498,962, and 10 grams fell by Rs1,029 to Rs427,779. International gold edged lower by USD12 to USD4,766. Silver per tola declined by Rs34 to Rs8,324, 10 grams by Rs29 to Rs7,136. While, world silver value slipped USD0.34 to USD78.40.
Similarly, on Tuesday, April 21, gold per tola lost Rs1,000 to close at Rs500,162, and 10 grams fell by Rs857 to Rs428,808. International gold eased by USD10 to USD4,778. Silver per tola declined by Rs59 to Rs8,358, 10 grams by Rs51 to Rs7,165, and global market by USD0.59 to trade at USD78.74.
Overall, the statistics highlight a sustained bearish trend in the bullion market over the last four trading days, reflecting continued pressure both in local and international markets.
It is worth noting that the open market may trade gold and silver at different prices as compared to those officially established by the Jewellers Association.
Copyright Business Recorder, 2026
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