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Pakistan Gold Prices Drop as Global Market Trends Downward

Pakistan Gold Prices Drop as Global Market Trends Downward

On Monday, gold prices in Pakistan continued to fall, mirroring the downward trend in the global market. The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported that the price of gold per tola dropped by Rs300, now standing at Rs256,500.

Similarly, the price for 10 grams of gold decreased by Rs258 to Rs219,907, while 10 grams of 22-karat gold are now priced at Rs201,582.

Read more: Gold Prices in Pakistan Decline After a Sustained Increase

Globally, the price of gold per ounce fell by $16 to $2,427 on Monday, according to APGJSA. In contrast, local silver rates remained unchanged at Rs2,900 per tola.

Earlier this month, gold prices in Pakistan reached a record high, with the per tola rate climbing by Rs4,600 to Rs254,000.

This volatility highlights the significant fluctuations in the precious metals market, driven by both domestic and international economic factors.

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