Gold hits one-year low globally

Gold fell in Pakistan on Friday as international prices slid to their weakest level in a year, The Express Tribune reported. The local rate declined by Rs5,100 to Rs420,536 per tola, while 10-gram gold lost Rs4,373 to settle at Rs360,541, according to the All-Pakistan Gems and Jewellers Sarafa Association.

Overseas, spot gold was down 3.1 per cent at $3,897.09 an ounce, below $4,000 for the first time since October 2025. Silver dropped 6 per cent to $49 an ounce, while palladium slipped under $1,000; local silver also fell by Rs238 to Rs5,530 per tola. The metals’ retreat coincided with weaker technology shares and investor concerns over whether AI spending will deliver adequate near-term returns. The rupee edged up Re0.01 to close at 276.75 per dollar.