Pakistan Gold Prices Drop Sharply Amid Global Decline
Pakistan gold prices fell sharply on Friday after a major dip in international markets. Local jewellers shared updated figures that showed steep declines across all key categories. As a result, buyers and investors reacted with renewed interest.
The All Pakistan Gems and Jewellers Sarafa Association released the latest data. It showed a Rs3,300 drop in the per tola price of 24 karat gold. The fresh rate stood at Rs439,762, compared to Rs443,062 a day earlier.
Prices for 10 grams of 24 karat gold also declined. The rate fell by Rs2,829 and settled at Rs377,025. Meanwhile, 22 karat gold reached Rs345,618 after a fall of Rs2,594. These changes showed a consistent downward trend across local markets.
Global Slide
Gold slipped in global trading as well. International markets recorded a $33 drop. Therefore, the global rate moved from $4,207 to $4,174. Analysts linked this change to broader economic shifts and cautious investor behaviour.
Silver followed a similar pattern. The per ton price of 24 karat silver dropped by Rs140 to Rs5,522. The rate for 10 grams also decreased by Rs120, landing at Rs4,734. In addition, global silver prices slid from $54 to $52.60 after a $1.40 decline.
Market Trends
Digital financial tools continue to reshape access to gold investments. For example, gold backed ETFs and mobile trading apps now allow more people to invest easily. These platforms have expanded rapidly in the Gulf region. Therefore, retail investors now participate in a market that once favoured institutions.
Recent fluctuations reflect broader concerns in global finance. Many investors remain cautious because of ongoing geopolitical tensions and economic uncertainty. As a result, gold demand continues to stay firm even during price swings.
Local Investment Shifts
Gold maintains strong appeal in Pakistan. The rupee remains under pressure, and many households look for stable options. In addition, rising inflation makes gold a trusted store of value. That makes it a reliable choice for both new and experienced investors.
As market volatility grows, people continue to turn toward tangible assets. Gold’s role as a safe haven investment stays relevant in traditional and digital financial strategies. These trends indicate steady interest despite short term price drops.
