Gold prices in Pakistan saw a big drop as rates went down by Rs. 10,400 per tola, bringing the new price to Rs. 340,500. This sharp fall followed a major $104 decrease in international gold prices, which are now at $3,221 per ounce. The update was shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The price of 10 grams of gold also dropped by Rs8,917 and now stands at Rs. 291,923. Just a few days earlier, gold had already dropped by Rs. 1,800, showing a continued downward trend.
Experts believe that this fall in gold prices is due to changes in global demand, currency values, and overall investor uncertainty. With international markets reacting to economic and political factors, gold—usually seen as a safe investment has started to show signs of instability.
Along with gold, silver prices also decreased slightly. Silver went down by Rs. 17 per tola, making the new rate Rs. 3,400.
This sudden drop has surprised both investors and jewellers, who are now watching the market closely. Many are unsure whether prices will continue to fall or stabilize in the coming days.
For those planning to invest or buy gold, this could be a good opportunity, but caution is advised due to the unpredictable market conditions. Experts recommend keeping an eye on both local and international trends before making any major decisions.
