Gold Price Drops by PKR 900 After Historic Surge, Current Rates Announced

Karachi: Following a decline in global market prices, gold prices in Pakistan have recorded a notable decrease, providing some relief to buyers.

According to jewelers, the price of gold per tola has fallen by PKR 900, bringing it down to PKR 454,862. Similarly, the price of 10 grams of gold decreased by PKR 772, now selling at PKR 389,970.

Experts attribute this decline to falling global gold rates, where gold per ounce dropped by USD 9 to USD 3,425, and the impact is clearly visible in the local bullion market. Factors such as global economic conditions, fluctuations in the US dollar, and investor trends continue to influence gold prices.

Silver prices have also shown a downward trend. The price of silver per tola decreased by PKR 52, reaching PKR 6,848, while 10 grams of silver dropped by PKR 44 to PKR 8,871.

Analysts warn that the recent decline in precious metal prices may be temporary, as global market uncertainty persists. They highlight that economic instability, inflation fears, and a shift of investors towards safe assets are major factors affecting gold and silver rates.

Experts predict that if current global and local conditions remain the same, further fluctuations in gold and silver prices are likely in the coming days.