Gold imitation and US dollar banknotes are seen in this illustration picture taken February 20, 2026. Photo: Reuters
Gold prices declined in both international and local markets, while silver prices recorded an increase on Friday.
In the international bullion market, the price of gold per ounce fell by $34 to $5,110.
In Pakistan, the price of gold per tola decreased by Rs 3,400 to Rs 533,762. The price per 10 grams dropped by Rs 2,915 to Rs 457,614.
Silver prices, however, increased in the local market. The price per tola rose by Rs 104 to Rs 8,914, while the rate per 10 grams gained Rs 89 to reach Rs 7,642.
Spot gold was up 0.8% at $5,117.27 per ounce, as of 0650 GMT. The metal has lost roughly 3% so far this week and is on course to snap a four-week winning streak on fading interest rate-cut prospects and inflation concerns as global energy prices spike.
US gold futures for April delivery were up 1% at $5,126.70.
Spot silver rose 2.4% to $84.12 per ounce. Spot platinum gained nearly 1.4% to $2,150.70, while palladium climbed 2% to $1,662.72.
Read: FX reserves edge up $87m to $16.3b
Furthermore, Pakistan’s foreign exchange reserves recorded a modest increase during the week ended February 27, 2026. The State Bank of Pakistan’s foreign currency reserves rose by $87 million to reach $16.3 billion.
Earlier on Thursday, gold prices in Pakistan declined, tracking losses in the international market where bullion reversed earlier gains amid rising US Treasury yields and a stronger dollar. Increasing concerns that the escalating conflict in the Middle East could fuel inflation also weighed on investor sentiment.
According to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola fell by Rs2,800 to settle at Rs537,162. Similarly, the price of 10 grams of gold decreased by Rs2,401 to Rs460,529. The latest decline comes a day after a sharp fall in the domestic market.
On Wednesday, gold prices had dropped by Rs10,000 per tola, settling at Rs539,962.
