Gold price decline Pakistan has become the biggest topic in the financial market today. The country witnessed one of the sharpest drops ever recorded. Gold price decline Pakistan is creating strong concern among traders and investors as the sudden fall has changed buying trends. This gold price decline Pakistan is also linked to the major correction in the global market.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold dropped sharply by Rs9,100 per tola, bringing it down to Rs430,662 per tola. The price of 10 grams of 24-karat gold decreased by Rs7,799, settling at Rs369,223. Similarly, 10 grams of 22-karat gold were sold at Rs338,466, down by Rs7,152 compared to the previous day.
This sharp fall follows a decline in international gold prices. Globally, gold lost $91 per ounce, reaching $4,083 per ounce. Experts say the drop is driven by stronger global currencies and cautious investor sentiment. The trend suggests that gold may remain under pressure if markets stay volatile.
Silver prices also declined today. The price of 24-karat silver per tola fell by Rs209, selling at Rs5,313, while 10 grams of silver were sold at Rs4,555.
Today’s decline is one of the largest in Pakistan’s history. Investors and buyers are now closely watching the market to see whether prices will stabilize or continue to fall.
