Gold prices in Pakistan recorded a Big Drop over the weekend. The decline followed a sharp fall in international gold prices.
The price of 24-karat gold fell by Rs15,100 per tola. After the decrease, one tola of gold was priced at Rs467,936.
The rate for 10 grams of 24-karat gold also declined. It fell by Rs12,946 to reach Rs401,179.
The latest figures showed a significant movement in Pakistan’s local bullion market. The Big Drop came amid weaker prices in the international market.
Gold Rates in Pakistan
| Gold Type | Price |
|---|---|
| 1 Tola Gold | Rs467,936 |
| 10 Grams Gold | Rs401,179 |
| 22-Karat Gold | Rs426,250 |
| 21-Karat Gold | Rs406,875 |
International gold prices also faced strong selling pressure. The global price dropped by $151 per ounce to $4,454.
The international decline had a direct impact on local bullion rates. Gold traders closely monitor global prices when determining domestic market rates.
The Big Drop in Pakistan’s gold prices therefore reflected the broader international trend. Local rates often respond quickly to changes in global bullion prices.
Silver prices also moved lower during the same period. The price of silver declined by Rs397 per tola.
Following the decrease, silver was priced at Rs7,112 per tola in the local market.
Gold Rates in Lahore
Gold prices in Lahore also reflected the recent market movement. Different forms of gold were traded at varying rates.
The reported rates included Rs465,000 and Rs464,000 for the listed piece prices. Pathoor gold was quoted at Rs459,500 and Rs457,500.
The rate for 22-karat gold stood at Rs426,250. Meanwhile, 21-karat gold was priced at Rs406,875.
Tezabi gold was listed at Rs7,150 on the selling side. The selling price for a kilogram gold bar stood at Rs7,200.
The latest market movement highlights the connection between global and domestic bullion markets. International price changes can quickly influence gold rates across Pakistan.
The fall in global gold prices was a key factor behind the domestic decline. Traders and investors are closely watching further developments in international markets.
Gold remains an important investment and savings asset in Pakistan. Price changes can affect buyers, sellers and investors across the country.
The latest Big Drop may encourage some buyers to enter the market at lower prices. However, future rates will depend largely on international bullion trends.
Currency movements and global economic developments can also influence gold prices. Investors typically monitor these factors before making buying or selling decisions.
The current decline has brought the local gold price below its previous level. The movement shows how quickly domestic rates can respond to global market changes.
Market participants are expected to keep watching international gold prices. Any further movement could influence rates in Pakistan.
For now, 24-karat gold stands at Rs467,936 per tola. The latest Big Drop has made the bullion market a key focus for traders and consumers.
In other news read more about: Gold Prices Fall in Pakistan After Recent Upward Streak
