The market analysts attributed the ongoing decline to sustained selling pressure in global gold reserves and weakening demand compared to supply, which has also impacted silver prices
KARACHI: (UrduPoint/Pakistan Point News-June 11th, 2026) The gold prices continued their downward trend in both international and domestic markets on Thursday, with the precious metal becoming significantly cheaper over the past several days.
The market analysts attributed the ongoing decline to sustained selling pressure in global gold reserves and weakening demand compared to supply, which has also impacted silver prices.
In the international bullion market, gold fell by $97.20 per ounce, bringing the price down to $4,102 per ounce. Following the global trend, local bullion markets also recorded a sharp drop, with gold prices in Pakistan decreasing by Rs9,720 per tola, settling at Rs432,716 per tola.
Similarly, the price of 10 grams of gold declined by Rs8,748, reaching Rs369,422.
Silver prices also saw a decline in the international market, where per ounce rates dropped by 40 cents to $64.10. This led to a decrease in local markets as well, with silver prices falling by Rs40 per tola to Rs6,889, while 10 grams of silver decreased by Rs36 to Rs5,857.
Gold prices have been on a consistent downward trajectory over recent sessions. On June 6, rates fell by Rs12,489 per tola, followed by a further decline of Rs3,094 on June 8. The downward momentum continued on June 10, when prices dropped by another Rs12,627 per tola.
