Gold Prices Gold Falls by Rs2,500 Per Tola in Pakistan
Gold jewellery displayed at a bullion market as prices fall across Pakistan.
Gold Prices in Pakistan fell sharply on Tuesday as weaker international bullion markets continued to pressure local rates. As a result, gold declined for the second consecutive trading session.
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According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold dropped by Rs2,500 per tola to Rs434,936. Likewise, the price of 10 grams of 24-karat gold fell by Rs2,143 to Rs372,887.
Silver Prices Also Fall
Meanwhile, silver prices also moved lower across the domestic market.
The price of 24-karat silver declined by Rs120 per tola, bringing the new rate to Rs6,559. Consequently, both precious metals recorded losses on the same day.
Global Market Weighs on Prices
In the international market, gold lost $25 per ounce and settled at $4,125.
As global bullion prices weakened, the domestic market followed the same trend. Therefore, local gold dealers adjusted prices accordingly.
Two-Day Losses Deepen
Bullion dealers said local gold prices have now fallen by a total of Rs4,900 per tola over the past two trading sessions.
However, market analysts believe future price movements will depend largely on global bullion trends and investor demand. For now, traders expect the market to remain sensitive to international developments.
