Gold prices in Pakistan continue to slide, marking another significant drop in local markets. According to the All Pakistan Gems and Jewellers Association, the per tola rate of gold declined by Rs7,538, as the global market also witnessed a notable correction. The Observer Guardian’s market desk notes that the consistent fall signals a cooling trend after weeks of volatility.
Gold Rate in Pakistan Today Key Highlights
| Category | Price (PKR) | Change (PKR) |
|---|---|---|
| Gold (Per Tola) | 437,362 | ▼ 7,538 |
| Gold (10 Grams) | 374,967 | ▼ 6,463 |
| International Gold Price (Per Ounce) | USD 4,150 | ▼ 85 |
Source: All Pakistan Gems and Jewellers Association, International Bullion Market
Domestic Gold Market Sees Further Correction
The local bullion market continued to witness pressure as investors shifted focus towards more stable assets amid a stronger US dollar and easing global demand for precious metals.
The Guardian observer’s economic analysts believe that speculative demand has cooled off in the local market as prices reached record highs earlier this month. The fresh decline of Rs7,538 per tola brings the new rate to Rs437,362, with 10-gram gold trading around Rs374,967.
International Gold Prices Slip Sharply
On the global front, spot gold prices fell by USD 85 per ounce, bringing the rate down to USD 4,150. Analysts attribute this drop to rising US Treasury yields and investor confidence in equity markets.
Market observers noted that the international trend is mirroring Pakistan’s domestic movement, signaling a synchronized correction phase across bullion markets.
Important Points
- Gold price per tola drops by Rs7,538, now at Rs437,362.
- 10-gram gold rate decreased by Rs6,463, standing at Rs374,967.
- Global gold prices fell by USD 85 to USD 4,150 per ounce.
- Analysts foresee further downward pressure if the dollar strengthens.
- Local jewellers report lower buying activity due to economic uncertainty.
- The Observer Guardian economics team notes that the correction may stabilize inflation-linked hedging in Pakistan’s markets.
FAQs
Q: What is the current gold rate per tola in Pakistan?
A: The per tola gold rate in Pakistan is Rs437,362 after a decrease of Rs7,538.
Q: How much has the 10-gram gold price dropped?
A: The 10-gram gold price has declined by Rs6,463, now trading at Rs374,967.
Q: What is the current international gold price?
A: In the global market, gold is trading at USD 4,150 per ounce, down by USD 85.
Q: What caused the recent decline in gold prices?
A: The drop is mainly due to a stronger US dollar, easing inflationary fears, and reduced investor demand for safe-haven assets.
Q: Will gold prices continue to fall?
A: Market observers suggest that if the global economy stabilizes and the dollar remains strong, gold prices may face further downward adjustments.
