Gold prices in Pakistan experienced a notable decline over the weekend, following a global dip in the precious metal market. The price of one tola of gold fell by Rs4,700, settling at Rs455,562, while 10-gram gold dropped by Rs4,030 to reach Rs390,570. This sudden decrease came shortly after a sharp surge in gold rates on Friday, when prices had jumped by Rs5,700 per tola, leaving traders adjusting quickly to the volatile market conditions.
According to the latest rates in Pakistan, the price of 1 tola gold fell from Rs460,262 to Rs455,562, while 10-gram gold declined from Rs394,600 to Rs390,570. The fluctuation highlights the unpredictable nature of the gold market, influenced heavily by global trends. Internationally, gold prices dropped by $47 per ounce, falling to $4,332, which contributed to the downward movement in local rates.
Silver prices were also affected, with rates dipping Rs106 to Rs7,756 per tola. Analysts suggest that these shifts are part of ongoing volatility in the precious metals market, reflecting global economic factors, investor sentiment, and currency fluctuations.
Market experts are urging investors and buyers to remain cautious as gold and silver prices continue to swing unpredictably. They emphasize monitoring the market closely and making informed decisions, particularly in times of such sudden and significant price movements.
Read more: Gold Prices Hit New Records in Pakistan
The recent changes in gold rates demonstrate how sensitive the local market is to international developments, reinforcing the need for traders and consumers to stay alert. With global trends continuing to influence domestic prices, further fluctuations in both gold and silver are expected in the near future.
