Gold and silver prices experienced a sharp correction in Pakistan on Monday, both metals fell significantly, indicating a wave of profit-taking following the historic rally.
The price of 24-karat gold per tola dropped by Rs 5,500, settling at Rs 470,162. This substantial decline represents the largest single-day fall in recent weeks, cooling the overheated market.
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The 24-karat gold per 10 grams decreased by Rs 4,715 to Rs 403,088. The price for 22-karat gold also fell, declining by Rs 4,323 to close at Rs 369,510.
Internationally, the gold price per ounce fell by $55 to $4,478.
Gold Rate in Pakistan – Gold Price Today Live Updates
This significant drop in the global benchmark triggered the market correction locally, as prices are closely linked.
Silver Price in Pakistan
The domestic price of silver per tola decreased by Rs 332 to Rs 8,075. Despite the drop, silver remains at a historically elevated level compared to previous months.
Silver per 10 grams followed, falling by Rs 284 to Rs 6,923. The decline in the white metal was less severe in percentage terms compared to gold’s fall.
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Globally, silver declined by $3.32 to $76.00 per ounce.
The correction in international markets confirms a broader cooling-off period for commodities.
The local rates, calculated on interbank exchange rates, are certified by the trade association. All listed prices are for 999.1 (24K) purity.
