KARACHI — After weeks of relentless increases, gold and silver prices in Pakistan finally fell, offering much-needed relief to buyers and a moment of optimism for investors awaiting a market correction.
Triggered by a $106 per ounce decline in international prices, gold per tola in Pakistan dropped by Rs10,600, now standing at Rs446,300.
Meanwhile, the price of 10 grams of 24-karat gold also fell by Rs9,088, bringing it down to Rs382,630.
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The fall wasn’t confined to gold. Silver prices also dipped across domestic bullion markets — 24-karat silver per tola decreased by Rs231, settling at Rs5,273. On the international stage, gold prices slid to $4,252 per ounce, marking one of the sharpest short-term drops in recent months.
The sudden downturn has reignited interest among potential buyers and investors who had been holding back during the surge.
Analysts suggest that if global rates continue to cool, local demand for jewelry and bullion investments may rise in the coming weeks.