Gold prices in Pakistan fell sharply on Tuesday, reversing a strong upward trend from the previous day. The decline reflects a broader downturn in international bullion markets. The movement is significant for investors, jewellers, and consumers tracking volatile precious metal prices.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola dropped by Rs10,400 to Rs432,236. The price of 10 grams of 24-karat gold also declined by Rs9,360, settling at Rs368,985. Meanwhile, 10 grams of 22-karat gold fell by Rs8,508 to Rs338,575.
The international market also saw a strong correction in gold prices. Gold slipped by $104 per ounce to reach $4,098. Analysts link the decline to shifting global demand and profit-taking after recent gains in bullion markets.
Silver prices in Pakistan also moved downward alongside gold. The price of 24-karat silver dropped by Rs487 to Rs6,664. Similarly, 10 grams of silver decreased by Rs438 to Rs5,641, reflecting broader weakness in precious metals.
Market experts say the volatility highlights ongoing uncertainty in global commodities. They note that rapid price swings are being driven by international economic signals and investor sentiment. Further fluctuations are expected in the coming trading sessions.