Gold prices take a nosedive once again
Business
How low did they go? Gold prices in Pakistan dropped sharply after a $35 plunge in global rates. The local price per tola fell by Rs3,500 to Rs433,862, and 10 grams slipped by Rs3,100 to Rs371,966.
LAHORE (Web Desk) – Gold prices continued their downward slide today, dropping by several thousand rupees as global rates tumbled sharply.
In the international bullion market, the price of gold fell by $35 per ounce, bringing it down to $4,115 — a significant dip that sent ripples across local markets.
Following the global trend, the price of gold in Pakistan also took a hit.
The per tola rate dropped by Rs3,500, settling at Rs433,862, while the price of 10 grams went down by Rs3,100 to Rs371,966.
Read also: Gold prices take a sharp dip after hitting record high
Traders say the decline has caught many by surprise, as gold — often seen as a “safe haven” in uncertain times — seems to be losing its shine for now.
