International gold prices fell $24 in a single day to $4,150 per ounce, while silver dropped 37 cents to $62 per ounce. Tracking the move, Pakistan’s 24K gold price fell by Rs2,400 per tola to Rs437,436 and by Rs2,058 per 10 grams to Rs375,030. Silver prices in Pakistan also eased, with per-tola rates down Rs37 to Rs6,679 and 10-gram rates down Rs31 to Rs5,726.

Pakistan’s prime minister Shehbaz Sharif announced a sharp cut in fuel prices, lowering petrol by Rs74 per litre to Rs299 and high-speed diesel by Rs67 to Rs311. The new rates took effect immediately as international oil prices continued to fall amid easing geopolitical tensions and improved stability in key energy supply routes. The government said it was passing through lower global energy costs to domestic consumers under the existing fuel-pricing mechanism.

International gold prices fell $149 in a day to $4,156 per ounce, marking a notable recent decline. In Pakistan, 24K gold slid a combined Rs17,200 per tola over two sessions to Rs438,036. Silver also weakened, with 24K silver down Rs413 per tola to Rs6,946. The pullback was driven by broad softness across global markets, reflecting cooler safe-haven demand and expectations of potential U.S. dollar strength that weighed on spot precious metals pricing.

Precious metals rallied globally after Iran and the United States announced an agreement, lifting domestic prices in Pakistan. Gold rose Rs10,800 per tola to Rs455,136, while silver gained Rs230 per tola to Rs7,509. Market analysts said the move reflected a short-term repricing in international gold and silver markets driven by geopolitical developments and investor hedging demand.