Gold price in Pakistan fell again on Wednesday, surprising many investors. After a big surge last week, 24-karat gold per tola dropped by Rs1,200, making the new rate Rs466,762. Similarly, 10 grams of 24-karat gold fell by Rs1,028 to Rs400,173. The price of 10 grams of 22-karat gold also declined by Rs942, now selling at Rs366,838.
The drop in gold price in Pakistan reflects a similar trend in the international market. Globally, gold fell by $12 per ounce, settling at $4,444. Experts say that small corrections like this are normal after a rapid rise in prices.
Interestingly, silver prices did not follow gold’s decline. The rate of 24-karat silver per tola stayed at Rs8,361. Likewise, 10 grams of silver remained steady at Rs7,168. Many traders see gold as more volatile compared to silver, which explains the difference.
Investors are advised to monitor international trends and local rates carefully. The current dip in gold might offer a buying opportunity for long-term investors. With gold remaining a strong hedge against inflation, demand is expected to stay high in Pakistan despite short-term fluctuations.
Stay updated on gold price in Pakistan daily to make informed investment choices. Prices can change quickly due to global factors, and even small drops like today’s Rs1,200 can impact buying and selling decisions.
Gold Price in Pakistan sees another Rs3,200 spike — more hikes ahead?
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