Gold prices have seen a significant drop for the second consecutive day in both global and Pakistani markets, raising concerns among investors and traders.
In the international market, gold fell by $36 per ounce, now priced at $3,295. Locally, the price per tola dropped by Rs3,600, settling at Rs347,900. Similarly, gold per 10 grams is now priced at Rs298,268 after a Rs3,086 decline.
Also Read: Gold Prices Hold Steady in Pakistan Amid Minor Global Fluctuations
Spot gold fell by 1.6% to $3,289.93 per ounce, while U.S. gold futures also took a hit, dropping 2.3% to $3,287.80. Other precious metals followed suit—silver slipped 1.4%, platinum declined 1.1%, and palladium dropped by 1.3%.
Meanwhile, the Pakistan Stock Exchange (PSX) remained relatively stable, with the KSE-100 Index gaining 111.78 points to close at 118,332.90, as investors await clarity on the upcoming FY26 budget.
