Gold rates retreat after three-day rise

Gold prices declined after a three-day upward trend in both global and domestic markets on Friday. In the international bullion market, the price of gold fell by $33 per ounce, bringing it down to $4,792 per ounce. Following global trends, local bullion markets also recorded a decline, with the price of 24-carat gold per tola falling by Rs3,300 to Rs501,562. Similarly, the price of 10 grams of gold dropped by Rs2,829 to Rs430,008. Silver prices also decreased in the local market, with the price per tola falling by Rs70 to Rs8,444, while 10 grams of silver declined by Rs60 to Rs7,239. Spot gold was largely flat at $4,790.73 per ounce by 0815 GMT, up about 0.9% so far this week. US gold futures for June rose ​0.1% to $4,813.70. Also Read: FX drops $1.3b on Eurobond payment Spot silver rose ⁠1.4% ​to $79.51 per ounce, and was headed for a fourth ​straight weekly gain. Platinum was down 0.1% at $2,084.93, while palladium was down 0.2% at $1,547.54. Both metals were on track ​for a third straight weekly gain. Yesterday, the rupee edged up one paisa to settle at Rs278.95 against the US dollar in inter-bank dealings. Additionally, according to the SBP, the Real Effective Exchange Rate index appreciated to 105.2 in March 2026 as compared to 103.1 in February. In the domestic precious metals market, 24-karat gold prices rose Rs1,400 to close at Rs504,862 per tola, taking cue from the international market, where bullion reached $4,825 per ounce, following an increase of $14. The rate for 10 grams of gold increased by Rs1,200 and settled at Rs432,837. Silver prices too gained ground, closing at Rs8,514 per tola with the addition of Rs110.