Gold Prices Decline in Pakistan

KARACHI: Gold prices in Pakistan dropped on Monday, following a similar downward trend in the global bullion market, according to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

As per the association’s latest figures, the price of gold per tola fell by Rs1,400, bringing it to Rs444,900 in the local market. Meanwhile, the rate for 10 grams of gold declined by Rs1,200, settling at Rs382,630.

In the international market, gold prices slid by $17 per ounce, with the yellow metal now trading at $4,235 per ounce.

Read More : Pakistan Stock Exchange Crashes Over 4,000 Points

Despite the price decline, analysts say gold continues to hold its reputation as a safe-haven investment, particularly during periods of high inflation, economic instability, and global geopolitical tensions.

Known for its ability to preserve value and hedge against market volatility, gold remains one of the most sought-after assets for investors seeking long-term security.

The expansion of digital finance tools, such as gold-backed Exchange-Traded Funds (ETFs), mobile investment platforms, and fintech applications, has made global gold markets more accessible.

Also read : ChatGPT, What Stocks to Buy?

As ChatGPT nears its third birthday, at least one in 10 retail investors use chatbots to pick stocks. This trend fuels a rapid boom in the robo-advisory market, which includes fintech, banks, and wealth managers.

The market is expected to grow from $61.75 billion last year to $470.91 billion by 2029. This marks a nearly 600% increase, showing strong interest in automated financial advice.

Thanks to AI tools like ChatGPT, investors can now select stocks and get analysis once available only to big banks. Jeremy Leung, a former UBS analyst, uses ChatGPT to manage his portfolio since leaving the bank last year.

However, he warns the tool may miss crucial details because it cannot access paid market data. Despite this, many investors find AI tools helpful for stock research.