Gold prices plunge across Pakistan, tola drops by Rs 8,600
Business
Gold prices fell sharply in Pakistan; gold per tola down by Rs8,600 to Rs519,962, while 10g gold dropped to Rs445,783. Silver also dipped, and global gold prices eased.
KARACHI (Dunya News) - Precious metal markets across Pakistan saw a significant drop in gold prices today, according to the All Pakistan Sarafa Gems and Jewellers Association.
The price of gold per tola fell by ₨ 8,600, bringing it down to ₨ 519,962.
Meanwhile, the rate for 10 grams of gold decreased by ₨7,373, settling at ₨ 445,783.
Silver prices also declined, with 24-carat per tola silver dropping by ₨501 to ₨8,324.
On the global front, gold prices weakened as well, with gold per ounce falling by $86 to stand at $4,972.
A day earlier, prices remained stable in both international and domestic bullion markets, while silver prices extended gains, reflecting steady demand and global market trends.
According to latest market data, gold in the international bullion market held steady at $5,058 per ounce, showing no change from the previous trading session.
In Pakistan’s local market, the price of 24-karat gold per tola remained unchanged at Rs528,562, while 10 grams of gold held at Rs453,156, indicating the market is holding its ground for now.
Meanwhile, silver prices continued to move upward. The price of silver per tola increased by Rs90 to reach Rs8,825, while the rate for 10 grams climbed by Rs78 to Rs7,566, showing silver is still on the rise.
Market analysts say gold is moving in a narrow range as investors weigh inflation trends, currency movements and interest rate expectations. Silver, however, is gaining strength due to industrial demand and positive global signals
Experts advise buyers and investors to keep their ears to the ground and track daily price updates, as precious metal markets can change quickly.
