Gold price in Pakistan dropped again today, marking the second consecutive day of decline in the local market. The continuous fall comes as global gold rates weakened and investor confidence remained low.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold fell by Rs1,000 per tola, bringing it down to Rs419,362. Meanwhile, the rate for 10 grams of 24-karat gold declined by Rs857, now standing at Rs359,535. For 22-karat gold, the price dropped to Rs329,585, down by Rs678 compared to the previous day.
In the international market, gold prices decreased by $10, trading at $3,970 per ounce. Analysts said this steady downward trend is being driven by the strengthening US dollar, shifting investor sentiment, and fluctuating exchange rates.
Silver prices, however, remained stable. The rate for 24-karat silver stayed at Rs5,022 per tola, while 10 grams of silver sold for Rs4,305.
Experts suggest that ongoing volatility in currency exchange rates and uncertainty in global demand are likely to keep the precious metals market unstable in the coming days. Many investors are now watching the international gold rate closely for signs of a rebound.
For now, the gold price in Pakistan continues to reflect the pressure of global market shifts and domestic economic challenges, keeping buyers cautious and traders alert for the next move in prices.
