In a big change for local markets, the price of gold in Pakistan has fallen sharply by Rs. 5,900 per tola. This drop has given some relief to buyers who have been struggling with high prices and economic worries for many weeks.
The sudden fall in gold prices comes as global gold rates shift and Pakistan’s currency shows signs of stabilizing after recent government actions. Experts believe this drop is partly because of strict steps taken against dollar hoarding and black market currency trading.
By stopping illegal dollar trading, more money is flowing through legal channels, which has helped ease pressure on gold prices too.
Many jewelers across the country are hopeful that this price cut will bring more customers back to the market. In recent weeks, gold prices were so high that many people delayed buying jewelry for weddings or investment. Now, with rates coming down, jewelers expect more buyers to return to shops.
Gold is always seen as a safe way to save money in Pakistan, but when prices get too high, even regular buyers stay away. With this drop, families planning weddings and investors looking for secure savings might find it a good time to buy.
However, experts also warn that global trends can still push prices up or down in the coming days. For now, people are being advised to keep an eye on the market and buy from trusted jewelers. Many hope that lower gold rates will bring much-needed activity back to the local gold market.
