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Gold rates in Pakistan dropped significantly in local markets, with the price per tola falling by Rs700, according to the All Pakistan Gems and Jewellers Sarafa Association.
According to the Gems and Jewellery association, the gold rate in Pakistan per tola after falling by Rs 700, reached at Rs362,300.
Similarly, the price of ten grams of gold saw a Rs600 decline, bringing the rate down to Rs310,613.
In the international bullion market, gold prices also declined, falling by $18 per ounce, now priced at $3414, which contributed to the decrease in domestic prices.
READ: Gold rates rises by Rs600 per tola across Pakistan
Despite the changes in gold prices, the price of silver per tola remained unchanged, holding steady at Rs3787, as confirmed by the association.
Gold prices in Pakistan usually follow trends in the global market, where fluctuations in the dollar, inflation, and interest rates heavily impact precious metal values.
Traders believe this decline may attract small-scale investors or customers looking to buy during the dip, especially in wedding seasons or for long-term savings.
Gold and silver prices in Pakistan are issued by the All Pakistan Gems and Jewellers Sarafa Association, reflecting global market activity and local currency strength.
