KARACHI – Gold Rates in Pakistan saw a decline on Tuesday, reflecting instability in international bullion markets and changes in the Pakistani rupee’s value against the US dollar.
According to market data, the same Gold Rates were recorded across major cities, including Karachi, Lahore, Islamabad, Peshawar, Quetta, Sialkot, Hyderabad, and Faisalabad. Traders noted that the price drop was in line with the trend seen in global markets, where gold has been under pressure due to economic uncertainties.
Silver prices also experienced a fall, with per tola priced at Rs4,013 and 10 grams at Rs3,440. Market watchers say both gold and silver prices are likely to remain volatile in the coming days as investors react to global economic developments.
Analysts link the decrease in Gold Rates to multiple factors, including a stronger US dollar and fluctuating currency exchange rates in Pakistan. They added that shifts in investor demand, along with changes in interest rate expectations, have also influenced the local gold market.
Bullion traders explained that domestic prices are directly tied to international trends, meaning any major movement in global markets quickly impacts Pakistan’s rates.
Despite the decline, experts advise investors to monitor market signals closely, as gold is still considered a safe-haven asset during times of economic instability. They warn that sudden changes in international prices could trigger rapid adjustments in local markets.
For now, buyers and sellers are keeping a close watch on the rupee’s performance against the US dollar, which remains a key factor in determining future price movements.
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