ISLAMABAD – Gold prices in Pakistan extended their downward trend on July 29, amid a fresh decline in the international bullion market. The latest adjustment comes after a sharp fall a day earlier, as softer global prices continued to weigh on the local market. As per Saraffa market rates, the price of 24-karat gold fell by Rs1,000 per tola, taking the new rate to Rs426,436. The global gold rate slipped by $10 per ounce, bringing it down to $4,040 per ounce, including a premium of $20. Despite the volatility, the average market price during the period remained close to Rs432,000 per tola, highlighting continued investor interest in bullion amid changing global market conditions.