Gold prices in Pakistan have seen a sharp decline as of early Tuesday. The price per tola decreased by Rs200, settling at Rs483,762. This drop coincides with ongoing geopolitical tensions and fluctuations in the international market.
The price for 10 grams of gold also fell, dropping by Rs172 to Rs414,747. Additionally, the cost of 10 grams of 22 karat gold decreased by Rs158, bringing it down to Rs380,198.
As of midday, the international gold price decreased by $2, now standing at $4,614 per ounce. Local demand and supply dynamics continue to influence these changes.
Interestingly, silver prices have risen. The price per tola increased by Rs193 to reach Rs8,014. For 10 grams of silver, the price rose by Rs165 to Rs6,870.
Experts say fluctuations in the international market, along with changes in local demand and supply, are influencing gold prices, leading to the recent decline. Following an initial surge in gold purchases on Monday, prices dipped significantly—over USD 350—before recovering slightly due to disappointing US jobs data.
The State Bank of Pakistan is closely monitoring these trends. However, future gold price trends remain uncertain due to ongoing geopolitical tensions and market fluctuations.
