After a prolonged upward trend, gold prices have recorded a significant decline in both local and international markets, as improving geopolitical conditions eased investor demand for safe-haven assets.
The sudden reversal has brought relief to buyers after weeks of record-high prices.
📉 Gold Prices Fall in Pakistan
In the local bullion market, the price of 24-karat gold dropped by Rs. 800 per tola, bringing the new rate to:
-
Gold (per tola): Rs. 505,562
-
Gold (10 grams): Rs. 433,437
(down by Rs. 686)
The decline marks a notable break in the continuous rally seen over recent weeks.
🥈 Silver Prices Also Decline
Silver prices followed a similar trend:
-
Silver (per tola): Rs. 9,904
(down by Rs. 30)
🌍 Global Gold Market Update
Internationally, gold prices also moved lower:
-
Gold (per ounce): $4,832
(down by $8)
Analysts attribute the decline to improving geopolitical conditions and reduced global demand, which lowered pressure on precious metals.
📊 Why Prices Are Falling
Market experts cite several key factors behind the drop:
-
Easing global geopolitical tensions
-
Declining demand for safe-haven investments
-
Profit-taking after record price levels
If stability continues, further price corrections may be seen in the coming days.
