{"id":18858,"date":"2025-09-11T18:04:22","date_gmt":"2025-09-11T18:04:22","guid":{"rendered":"https:\/\/ipp-news.com\/?p=18858"},"modified":"2025-09-11T18:04:22","modified_gmt":"2025-09-11T18:04:22","slug":"gold-prices-retreat-in-pakistan-after-reaching-record-highs","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=18858","title":{"rendered":"Gold prices retreat in Pakistan after reaching record highs"},"content":{"rendered":"<div>Gold and silver prices dropped on Thursday in both international and domestic markets after reaching all-time highs in Pakistan.<\/p>\n<p>In the international bullion market, the price of gold fell by $36 per ounce to settle at $3,618. The decline pulled local prices lower as well, with 24-carat gold slipping by Rs4,100 per tola to Rs384,000. The price of 10 grams also dropped by Rs3,515 to Rs329,218.<\/p>\n<p>Silver mirrored the trend. The price per tola fell by Rs36 to Rs4,326, while 10 grams eased by Rs32 to Rs3,736.<\/p>\n<p>Bullion dealers attributed the decline to international market corrections and said local demand remains subdued amid price volatility.<\/p>\n<p>A day earlier, gold prices in Pakistan continued their upward march and reached an all-time high as investors flocked to the safe-haven asset.<\/p>\n<p>According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold per tola surged by Rs4,100 to reach a record Rs388,100. Similarly, the rate of 10 grams rose by Rs3,514, hitting a peak of Rs332,733.<\/p>\n<p>On Monday, the precious metal had already reached a record Rs384,000 per tola after gaining Rs6,100 in a single day.<\/p>\n<p>Internationally, gold prices continued their record-setting rally as mounting expectations of a September U.S. interest rate cut pressured the dollar and Treasury yields, while investors awaited key U.S. inflation data later in the week.<\/p>\n<p>Spot gold was up 0.7% at $3,661.09 per ounce as of 9:33 a.m. ET (1333 GMT), after hitting a record $3,666.38 earlier in the session. U.S. gold futures for December delivery rose 0.7% to $3,701.40.<\/p>\n<p>Market analysts said persistent global uncertainty and policy expectations are likely to keep safe-haven demand for gold elevated in the near term.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gold and silver prices dropped on Thursday in both international and domestic markets after reaching all-time highs in Pakistan. In the international bullion market, the price of gold fell by $36 per ounce to settle at $3,618. The decline pulled local prices lower as well, with 24-carat gold slipping by Rs4,100 per tola to Rs384,000. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-18858","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/18858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18858"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/18858\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}