Gold prices in Pakistan have fallen sharply, marking a historic decline both locally and globally. According to market data, the drop reflects volatility in international markets and impacts local bullion rates. Investors and traders are closely monitoring the situation.
The All Pakistan Sarafa Gems and Jewellers Association reported that the price of gold per tola fell by Rs43,600, bringing it to Rs447,762. Similarly, 10 grams of gold dropped by Rs47,380, reaching Rs383,883. This month alone, gold per tola has declined by Rs116,100.
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Internationally, gold prices also fell steeply, with a single-day drop of $436 per ounce. The price per ounce decreased to $4,250, highlighting global market volatility affecting precious metals. Analysts say international trends are driving the steep decline in Pakistan’s market.
The significant fall comes amid economic uncertainty, global financial fluctuations, and changing investor sentiment. Local jewelers noted reduced buying interest, while traders adjusted their rates to match international movements.
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Experts warn that while the decline may offer buying opportunities for some, market volatility could continue in the near term. Investors are advised to monitor both local and global trends before making decisions.