Gold rates in Pakistan drop big Rs 4,700 – Will prices fall even further?

Gold rates in Pakistan dropped sharply today, making headlines for investors and buyers. The price of 24-carat gold per tola fell by Rs 4,700, reaching Rs 455,562. Similarly, 10 grams of 24-carat gold dropped by Rs 4,030 to Rs 390,570. Gold rates in Pakistan have shown a sudden fall after a brief period of bullish trends in the market.

The price of 10 grams of 22-carat gold also decreased by Rs 3,694 to Rs 358,035. Traders said the drop is due to declining international gold prices and reduced buying activity in local markets. Gold rates in Pakistan are closely watched by investors, jewelers, and households as it impacts savings and investment decisions.

Silver markets also followed a downward trend. In Pakistan, silver per tola fell by Rs 106 to Rs 7,756, while 10 grams of silver dropped by Rs 91 to Rs 6,649. Internationally, gold per ounce decreased by $47, trading at $4,332, and silver fell by $1.06 to $72.81 per ounce. Experts say the drop in global prices directly affects the local gold and silver rates in Pakistan.

This fall in gold rates in Pakistan comes as a relief for buyers looking to invest in precious metals. Jewelers are expecting more price corrections in the coming days. Investors are advised to monitor both local and international markets before making purchases.

Gold rates in Pakistan today show a significant decline, giving a chance for new buyers to enter the market. Silver and other precious metals also reflect similar trends, indicating cautious market behavior.