A day earlier, gold prices had risen sharply by Rs5,700 per tola, which caused excitement in the market and attracted attention from buyers and investors. However, this upward trend was short-lived. Today, gold prices declined by Rs4,700 per tola, bringing the new price down to Rs455,562 per tola. The sudden change shows how quickly prices can move in the bullion market.
The price of gold measured per 10 grams also went down. It fell by Rs4,030 and is now priced at Rs390,570. Such daily fluctuations often influence buying decisions, especially for people planning weddings, investments, or long-term savings in gold.
Internationally, gold prices also showed a downward trend. In the global market, the price of gold dropped by $47 per ounce and is currently trading at $4,332 per ounce. Since local gold prices are closely linked to international rates, any change in the global market usually affects domestic prices as well.
Silver prices followed the same pattern. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of silver decreased by Rs106 per tola, bringing the new price to Rs7,756 per tola. This decline in both gold and silver reflects overall uncertainty and changing trends in the precious metals market.
