The Gold Price in Pakistan witnessed a significant decline on Tuesday as international bullion markets moved lower. According to the latest market data, the price of gold per tola dropped by Rs2,400, bringing the new rate to Rs475,362 in local trading markets.
Data released by the All-Pakistan Gems and Jewellers Sarafa Association showed that the price of 10 grams of gold also decreased during the trading session. The rate for 10-gram gold fell by Rs2,057 and settled at Rs407,546 across the country.
The recent decline comes a day after gold prices recorded a sharp increase in Pakistan. On Monday, the price of one tola of gold surged by Rs4,600, reaching Rs477,762. Market analysts say the latest correction reflects volatility in global precious metal markets.
In the international market, gold prices dropped by $24 per ounce, pushing the global rate down to $4,530 per ounce. The reported international price also included a premium of $20, according to bullion market sources monitoring global trading activity.
Experts believe fluctuations in the international gold market continue to directly impact the Gold Price in Pakistan. Changes in investor sentiment, movements in the US dollar, and uncertainty in global economic conditions are among the key factors influencing bullion prices worldwide.
Meanwhile, silver prices also moved downward in the domestic market. The price of silver per tola declined by Rs153 and reached Rs8,117. Traders noted that both gold and silver markets remained under pressure due to weak international demand and profit-taking activity.
Jewellers and market observers expect further movement in bullion prices over the coming days depending on international economic trends. Investors in Pakistan are closely watching global commodity markets as fluctuations continue to affect local precious metal rates and consumer buying activity.
