Global financial markets are witnessing an unprecedented decline in gold and silver prices, as precious metals continue to face heavy selling pressure from investors.
According to international market reports, gold prices have fallen by nearly 12 percent, pushing the per-ounce rate down to $4,850. Similarly, silver prices have dropped by around 30 percent, bringing silver to $83 per ounce.
Why Are Gold and Silver Prices Falling?
Market analysts say the sharp decline is mainly due to profit-taking by investors who are selling their holdings after recent highs.
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Gold previously touched $5,505 per ounce, its record peak
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It first dropped to $5,150 after losing $355
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Another $300 decline pushed prices further down
This strong selling pressure has created instability in the precious metals market.
Impact on Pakistan’s Gold Market
The international price crash has directly affected Pakistan’s local bullion market.
In a single day:
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Gold price per tola dropped by Rs 35,500
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New rate: Rs 537,362 per tola
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10 grams gold fell by Rs 30,435 to Rs 460,701
This is one of the largest single-day declines in recent years.
Silver Prices Also Drop Sharply
Silver prices in Pakistan also witnessed a major fall:
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Per tola silver reduced by Rs 1,106
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New rate: Rs 11,069
This has attracted buyers, especially small investors and jewelers.
What Should Investors Do Now?
Financial experts advise investors to remain cautious and closely monitor market trends.
With global economic uncertainty and changing interest rates, precious metal prices may remain volatile in the coming weeks.
Investors are encouraged to seek professional advice before making major buying or selling decisions.
