Gold Prices Witness Sharp Decline in Pakistan Amid Global Market Downtrend

Gold prices in Pakistan have recorded a significant decline, with rates falling by thousands of rupees across the local market.

Just a day earlier, gold prices had increased by 4,600 rupees, while before that, they had dropped by 4,400 rupees, reflecting continued volatility in the market.

Today, the price of gold per tola decreased by 8,600 rupees, bringing it down to 467,762 rupees.

Similarly, the price of 10 grams of gold fell by 7,373 rupees, setting the new rate at 401,030 rupees.

In the international market, gold also saw a decrease of 86 dollars per ounce, bringing the global price to 4,454 dollars.

Silver prices also followed a downward trend, dropping by 259 rupees per tola to 7,894 rupees.

Market sources stated that fluctuations in both global and domestic markets led to this notable decline in prices, offering some relief to buyers.