Gold prices fall further in global and local markets

The price of gold fell by $30.94 per ounce on the first trading day of the week, bringing it down to $4,297 per ounce in the international market

KARACHI: (UrduPoint/UrduPoint / Pakistan Point News-June 8^th, 2026) The gold prices on Monday witnessed a further decline in both international and domestic markets, continuing a downward trend influenced by global bullion movements.

In the international market, the price of gold fell by $30.94 per ounce on the first trading day of the week, bringing it down to $4,297 per ounce.

Following the international trend, prices in the local bullion markets also dropped. In Pakistan, the price of 24-karat gold per tola decreased by Rs3,094, settling at Rs452,233.

Similarly, the price of 10 grams of gold declined by Rs2,785, reaching Rs386,987 in the domestic market.

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Silver prices also moved downward. The price of silver per tola fell by Rs94 to Rs7,173, while the rate for 10 grams dropped by Rs86 to Rs6,116.

The market observers noted that the latest decline follows a sharp reduction recorded in the previous trading session, when international gold prices fell by $124 per ounce. In the domestic market on Saturday, gold had dropped by Rs12,489 per tola and Rs11,240 per 10 grams, while silver prices also registered a notable decrease.

The analysts believed that the continued fluctuations in global bullion rates are directly impacting local prices, keeping the precious metals market under pressure.