Gold prices in Pakistan witnessed a significant decline on Tuesday, with 24-karat gold per tola falling by Rs 1,900 to Rs 441,862, compared to Rs 443,762 recorded the previous day.
Similarly, the price of 10 grams of 24-karat gold dropped by Rs 1,629, settling at Rs 378,825, while 10 grams of 22-karat gold decreased by Rs 1,494 to Rs 347,268, showing a notable downward trend.
The decline mirrored international market movements, where gold prices slid by $19 to $4,195 per ounce, influencing local rates and reflecting global demand and supply fluctuations in precious metals.
Read more : Gold price drops by Rs1,000 per tola in Pakistan
On the other hand, silver prices in Pakistan remained stable, with per tola silver holding at Rs 6,102, and 10 grams priced unchanged at Rs 5,231, while international silver stayed flat at $58.30.
Market experts noted that gold’s recent slide is influenced by currency fluctuations, changing investment patterns, and ongoing global economic uncertainties, which collectively affect investor sentiment and trading behavior in Pakistan.
Investors and traders are advised to monitor daily gold rates closely, as further shifts in global markets could continue impacting local prices, especially in a volatile environment for precious metals.