Gold prices in Pakistan fell sharply on Tuesday, dropping Rs2,100 per tola in local markets. The decline follows a fall in international gold rates, signaling global market pressure on bullion. Jewellers, investors, and consumers are directly affected by the latest price movement.
According to the All-Pakistan Gems and Jewellers Sarafa Association, gold per tola settled at Rs477,862 after the latest decrease. Meanwhile, the price of 10-gram gold declined by Rs1,801 to reach Rs409,689. This continues a downward trend in domestic bullion markets after recent fluctuations.
Read more: Gold prices decrease by Rs 3,800 per tola
The drop aligns with changes in the global market, where gold prices fell by $21 per ounce. International rates reached $4,555 per ounce, including a premium of $20. Analysts note that global trends play a key role in determining local gold prices.
On the previous trading day, gold prices had already recorded a notable decrease in the domestic market. Per tola rates dropped by Rs3,800, closing at Rs479,962 on Monday. Therefore, the latest decline reflects sustained bearish sentiment in both local and international markets.
Read more: Gold drops Rs3,800 per tola in Pakistan
In addition, silver prices also recorded a decrease in the domestic bullion market. The price of silver fell by Rs65, settling at Rs7,849 per tola. Market observers expect further fluctuations depending on global economic conditions and currency movements.