Gold Price in Pakistan Drops Sharply Again Today

Gold price in Pakistan falls sharply again at the start of the business week. The market continues a strong downward trend.

All Pakistan Gems and Jewellers Association reports a major cut in rates. The price of gold per tola drops by Rs21,500. The new price stands at Rs490,362 per tola.

The price of 10 grams of gold also declines. It falls by Rs18,433. The new rate reaches Rs420,406.
Gold prices show a big drop over the last three days. The per tola rate has decreased by Rs82,500 during this short period. This sharp fall surprises investors and traders.

Read Also: Gold Price Surge Near Record as Global Market Jumps Again

The international market also shows weakness. Global gold prices drop by 215 dollars. The new global rate stands at 4,676 dollars per ounce.

Experts link the local decline to the global market trend. Currency movement and international demand also affect the local bullion market.

Buyers show more interest after the price drop. However, traders remain cautious due to fast market changes.

The gold price in Pakistan may stay unstable if global rates continue to shift.