Gold Prices Decline in Global and Local Markets

Islamabad (Qudrat Daily) — The surge in gold buying as a safe-haven investment has weakened following expectations tied to the upcoming U.S. interest rate decision.

In the international market, gold prices dropped by **$17**, bringing the new rate down to **$4,191** per ounce. The global price also broke below the crucial **$4,200 psychological level**, raising the question of whether safe-haven demand for gold still holds strong.

With global inflation under control and expectations of interest rate cuts rising, international stock markets have strengthened — shifting investor focus away from gold.

According to the **All Pakistan Gems and Jewellers Association**, gold prices in Pakistan also declined. The price of **one tola gold** fell by **Rs. 1,700**, reaching **Rs. 441,462**.

Similarly, the price of **10 grams of gold** decreased by **Rs. 1,457**, settling at **Rs. 379,482**.