Gold prices in Pakistan witnessed a major decline on Wednesday following a sharp drop in international bullion markets.
According to the latest rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of one tola of gold fell by Rs12,627, bringing the new rate down to Rs442,436.
The decline comes after international gold prices reportedly dropped by $126 per ounce, settling around $4,200 in global markets. Analysts believe the sudden decrease is linked to changing investor sentiment and fluctuations in international economic conditions.
Silver prices also moved lower alongside gold. The price of one tola of silver decreased by Rs385, reaching Rs6,929.
Gold prices in Pakistan are heavily influenced by international market trends and currency exchange rates. Any major movement in global bullion markets often directly impacts local jewelry and investment prices.
The sharp drop has caught the attention of investors, traders, and buyers across the country, with many closely monitoring whether prices will stabilize or continue fluctuating in the coming days.
Jewellers say such large single-day changes are relatively uncommon and can significantly affect market activity, especially for those planning purchases or investments.
