Gold prices in Pakistan recorded another significant drop on the second trading day of the business week, reflecting softer demand and ongoing volatility in the market.
According to bullion traders, the price of 24-karat gold fell by Rs. 1,000 per tola, bringing the new rate to Rs. 472,000 per tola. Meanwhile, 22-karat gold also moved lower and is now being sold at Rs. 432,666 per tola, while 21-karat gold is available at Rs. 413,000 per tola.
In contrast to gold, silver prices remained stable, with 10 grams of silver continuing to trade at Rs. 9,600, showing no change during the session.
Market sources attribute the decline in gold prices to fluctuations in the international market combined with a slowdown in local buying interest. Traders say uncertainty in global financial conditions and cautious consumer behavior are currently weighing on precious metal prices.
Analysts note that short-term movements may continue as investors closely monitor global trends and domestic demand patterns before making fresh buying decisions.
