Gold prices in Pakistan witnessed a sharp decline over the weekend, with the bullion market reacting to losses in international markets. The drop has attracted significant attention from traders and investors.
According to market data, the price of gold per tola in Pakistan fell by Rs7,100, bringing the new rate down to Rs533,262. The decline reflects the impact of falling global bullion prices.
The downward trend was also seen in smaller quantities of gold. The price of 10 grams of gold dropped by Rs6,087, settling at Rs457,186 in the local market.
This latest fall follows another decline recorded a day earlier. On Thursday, gold prices had already decreased by Rs2,900 per tola, bringing the rate to Rs540,362 before the latest drop.
Internationally, gold prices also slipped during the same period. The global rate declined by $71, bringing the price to $5,105 per ounce, including a $20 premium.
Silver prices also followed the downward trend in Pakistan’s bullion market. The price of silver decreased by Rs324, taking the new rate to Rs8,851 per tola.
Market analysts say the sudden fall in both gold and silver prices reflects changing dynamics in the global bullion trade, with investors closely watching international market movements.
Traders noted that fluctuations in international gold prices often have a direct impact on Pakistan’s local bullion market, leading to rapid price adjustments.
Also read: Gold Prices Decline Sharply in Pakistan
