KARACHI – Gold prices in Pakistan fell sharply on Tuesday, reflecting a similar downward trend in the international market.
According to data from the All Pakistan Gems and Jewellers Association, the price of gold per tola dropped by Rs4,000 to Rs450,862. Similarly, the price of 10-gram gold decreased by Rs3,429, settling at Rs386,541.
Internationally, gold also experienced a decline, with bullion prices falling by $40. The new rate for gold in the global market hovered around $4,285 per ounce. Analysts say this decline is influenced by shifting investor sentiment and fluctuations in global financial markets.
The fall in gold prices comes at a time when Pakistan’s stock market shows positive momentum. The Pakistan Stock Exchange (PSX) recorded strong gains on Tuesday, continuing the upward trend seen earlier in the week.
During early trading, the benchmark 100 Index surged over 1,000 points, reaching a peak of 171,922 points. Market experts attribute this growth to increasing investor confidence and healthy trading activity. The positive performance at PSX offsets some concerns over falling gold rates, highlighting diverse investment opportunities in the country.
Economic analysts note that while gold prices have dropped locally, gold remains a key asset for investors seeking stability amid market volatility. The recent dip provides potential buying opportunities for traders and small investors alike.
Investors are advised to monitor both local and international market trends before making investment decisions. Experts also highlight the importance of balancing portfolios with gold, equities, and other financial instruments to manage risk effectively.
As the financial markets continue to evolve, gold will remain a critical indicator of economic sentiment in Pakistan. Traders and investors will closely watch upcoming global economic data, central bank policies, and geopolitical developments for further impact on gold prices.
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The overall market scenario suggests cautious optimism, with strong equity gains supporting confidence, even as gold sees a temporary decline.
