Gold price in Pakistan saw a sharp fall today, creating concern among traders and investors. The latest figures from the All Pakistan Sarafa Gems and Jewellers Association confirm that gold fell by Rs7,000 per tola, marking one of the biggest single-day drops this month. This decline has pushed the 24-karat gold rate down to Rs423,662 per tola. The gold price in Pakistan has now dropped a total of Rs19,400 in just four days.
In the local market, 10 grams of 24-karat gold fell by Rs6,002, bringing the new price to Rs363,221. Meanwhile, 10 grams of 22-karat gold were sold for Rs332,964, down by Rs5,502 from the previous day. Traders say the market is responding to global pressure and shifting investor sentiment.
Internationally, gold also showed weakness. Prices dropped by $70, settling at $4,013 per ounce. This fall has been linked to stronger global currencies and cautious investment behaviour. Many analysts believe the downward trend could continue if international markets remain unstable.
Silver followed the same trend. The price of 24-karat silver dropped by Rs123 per tola, reaching Rs5,245. The rate for 10 grams of silver is now Rs4,496.
These price movements highlight growing uncertainty in both global and local precious metal markets. Investors are watching closely as shifting economic conditions continue to impact gold trade, international gold rate, and overall market confidence.
