Gold Prices in Pakistan Drop by Rs. 350 per Tola, Near Record High
The price of 24-karat gold in Pakistan fell by Rs. 350 per tola on today, trading at Rs. 362,850 compared to Rs. 363,200 the previous day, according to data from the All Pakistan Sarafa Gems and Jewellers Association.
Local Market Update
- 24K Gold (per tola): Rs. 362,850↓ Rs. 350
- 24K Gold (10 grams): Rs. 311,090 ↓ Rs. 300
- 22K Gold (10 grams): Rs. 31109 ↓ Rs. 30
Despite the drop, prices remain close to the all-time high of Rs. 364,900 per tola.
International Market Trends
Gold prices in the global market fell by $3, trading at $3,397 per ounce, down from $3,400.
Market Context
Analysts say the decline follows slight corrections in the global bullion market after recent record highs, as investors wait for key U.S. inflation data and interest rate decisions. In Pakistan, currency fluctuations and inflation continue to influence local gold prices.
Market Outlook
Experts suggest prices may remain volatile in the short term, with potential spikes if geopolitical tensions rise or global economic uncertainty deepens.