Gold prices in Pakistan dropped sharply on Tuesday, reflecting a global downward trend. The per tola price fell by Rs3,800, settling at Rs354,365, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This marks a significant decline compared to Monday’s rate of Rs358,165.
Similarly, the price for 10 grams of gold decreased by Rs3,258, reaching Rs303,810. The fall mirrors a substantial dip in global prices, where the international gold rate declined by $39 to settle at $3,327 per ounce, including a $20 premium.
In addition to gold, silver prices also dropped. The per tola rate of silver decreased by Rs9, bringing it to Rs3,790.
The price changes indicate volatility in the precious metals market, driven by global economic trends, investor sentiment, and potential interest rate shifts. Investors and consumers are advised to stay updated on market movements as fluctuations continue.