Gold prices in Pakistan saw a major drop, bringing some relief to buyers. The price of one tola of gold fell by Rs. 14,000, reaching Rs. 416,362. Similarly, the price of 10 grams of gold dropped to Rs. 356,963.
This sudden fall has surprised traders and buyers, as gold rates had been rising for several weeks. The drop is likely to boost jewelry sales, especially with the wedding season approaching.
In the global market, gold prices also moved downward due to a stronger US dollar and reduced demand for safe-haven assets. Analysts believe that the local market is likely to follow this global trend in the coming days.
Many buyers who had delayed purchases are now returning to the market, hoping the prices will stay low. However, experts believe the rates may continue to fluctuate in the coming days.
