Gold prices in Pakistan experienced an unprecedented drop on Monday, sending shockwaves through the market and alarming investors.
During Monday’s trading, the price of gold per tola fell sharply, slipping below the key Rs450,000 mark. It declined by Rs43,600, settling at Rs447,762. Similarly, the rate for 10 grams dropped by Rs37,380, bringing it to Rs383,883.
Gold Rates Today
| Category | Drop | New Price |
|---|---|---|
| Gold per tola | Rs 43,600 | Rs 447,762 |
| Gold per 10 grams | Rs 37,380 | Rs 383,883 |
| International gold (per ounce) | $436 | $4,250 |
Over the past month, the domestic gold market has seen a total decline of Rs116,100 per tola, highlighting the intensity of the ongoing slump. Internationally, gold prices have mirrored this drop, falling by $436 per ounce to reach $4,250.
Analysts attribute the sharp decline to heightened volatility in both global and local economic conditions, with traders and investors closely monitoring the situation for further movements.
Also Read: Gold Prices Fall in Pakistan – Check Latest Prices
