Gold prices in Pakistan recorded a slight decline on April 28, offering some relief to buyers after recent record-high rates in the local market.
According to the latest market update, the price of 24-karat gold per tola has dropped to around Rs. 491,500, reflecting a downward trend.
Similarly, the rate for 10 grams of 24K gold has decreased to approximately Rs. 421,000, showing a noticeable correction from previous highs.
Market analysts say the decline is mainly linked to fluctuations in international gold prices and changes in the US dollar exchange rate.
Globally, gold prices are hovering near $4,600 per ounce, with slight volatility due to ongoing economic uncertainty and geopolitical developments.
Experts believe that easing inflation concerns and a stronger dollar have contributed to the recent dip in gold prices worldwide.
In Pakistan, gold prices are also influenced by local demand, especially during wedding seasons when buying activity increases significantly.
Traders suggest that if the current trend continues, gold may see further minor adjustments in the coming days.
Investors are closely monitoring the situation, as gold remains a preferred safe-haven asset during uncertain economic conditions.
Also read: Gold Prices Rise in Pakistan After Ending Losing Streak
