Gold prices suffered a sharp decline in Pakistan as international bullion rates also dropped significantly.

The price of one tola of gold fell by Rs12,800 on Monday. It settled at Rs438,136 per tola in the domestic market.

The latest decline came after gold had already dropped by Rs2,100 per tola on Saturday. The back-to-back declines show continued weakness in the local bullion market.

Gold prices were previously recorded at Rs450,936 per tola last week. The latest fall has pushed the price significantly lower within a short period.

The decline was also reflected in the price of 10-gram gold. Its price dropped by Rs10,973 and reached Rs375,631.

The domestic market followed a major decline in international gold prices. Global bullion rates fell by $128 per ounce.

Following the decline, international gold was trading at $4,156 per ounce. The sharp global movement added further pressure to local gold rates.

The latest figures show how closely Pakistan’s gold market follows international bullion trends. Changes in global prices can quickly affect rates in the domestic market.

The gold market has experienced notable movements in recent sessions. Prices had already started falling before Monday’s larger decline.

The latest fall means buyers are now seeing lower rates compared with last week. However, market prices can continue changing based on international trends.

Gold rates in Lahore

Gold prices also showed lower rates in Lahore’s local market. Market participants reported separate buying and selling rates.

The reported rate for a gold piece stood at Rs436,000 for buying. Its selling price was listed at Rs434,500.

The reported rate for Pathoor was Rs431,000 for buying. Its selling price stood at Rs427,000.

The difference between buying and selling rates reflects the local market structure. Rates can vary based on market conditions and dealer pricing.

The sharp movement has drawn attention from buyers and investors monitoring the bullion market. Gold prices remain sensitive to changes in international rates.

The latest decline also highlights the volatility of precious metals. Global market movements can influence domestic prices within a short period.

As international gold rates declined, Pakistan’s market followed the same downward direction. The fall pushed local prices further below their previous weekly levels.

The word crashes reflects the scale of the reported decline in gold prices. The Rs12,800 drop in one tola represents a significant single-day movement.

Market participants will continue watching international bullion rates for further changes. Any major movement abroad could influence gold prices in Pakistan.

For now, one tola of gold stands at Rs438,136. The latest rate reflects the sharp correction recorded in both global and domestic markets.

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