Gold rates experienced a slight decline today, reflecting the downturn in global bullion prices. According to the All Pakistan Sarafa Gems and Jewelers Association, local gold prices dropped by Rs2,300 per tola, bringing the rate to Rs356,700. The price for 10 grams of gold also saw a reduction of Rs1,972, reaching Rs305,812.
Today’s Gold Prices in Major Cities:
| City | Gold Price (per Tola) |
|---|---|
| Karachi | Rs356,700 |
| Lahore | Rs356,700 |
| Islamabad | Rs356,700 |
| Peshawar | Rs356,700 |
| Quetta | Rs356,700 |
| Sialkot | Rs356,700 |
| Hyderabad | Rs356,700 |
| Faisalabad | Rs356,700 |
The global gold market has faced some pressure recently, leading to this drop in prices. According to experts, the downturn in international demand and investor caution are major factors contributing to the reduction in gold prices.
With the global economic environment shifting, many investors are adjusting their portfolios, which has affected the precious metals market.
In addition to gold, silver prices also saw a decline. Silver dropped by Rs34 per tola, settling at Rs4,023. The 10-gram rate of silver decreased by Rs29, now priced at Rs3,449. On the global stage, silver was trading at around $39 per ounce, reflecting a broader trend of falling precious metal prices.
The recent decline in both gold and silver rates is linked to investor uncertainty and cautious market behavior due to changing global economic conditions.
As the situation develops, traders remain closely monitoring global market shifts, which could further influence gold rates in the coming days.
In other news read more about Gold Rates in Pakistan Fall Sharply: Prices Drop by Rs. 5,900
