Pakistan’s gold market saw a sharp decline on Tuesday after four days of stability. The price of 24-carat gold per tola dropped by Rs 2,700, reaching Rs 444,162. Similarly, the price of 10 grams of 24-carat gold fell by Rs 2,315 to Rs 380,797. The decline affected 22-carat gold as well, which dropped in proportion to the fall in 24-carat gold prices.
This drop in gold prices was not confined to Pakistan. Internationally, gold fell by $27, bringing the global price to $4,218 per ounce. This decline follows several days of stable or rising prices, signaling renewed pressure on the precious metal’s value.
In contrast to gold, silver prices in Pakistan continued to rise. The price of silver per tola increased by Rs 41, reaching Rs 6,004. Similarly, the price of 10 grams of silver rose by Rs 35. Internationally, silver also climbed slightly, rising by $0.41 to $57.32 per ounce.
The fluctuations in gold and silver prices highlight the volatility in both domestic and international markets. Experts suggest that the global gold market is experiencing renewed pressure, which may lead to further price fluctuations in the near future.
Overall, the dip in gold prices offers relief to buyers in Pakistan, but the ongoing instability in global markets suggests that prices may fluctuate again soon.
