Gold Price in Pakistan Drops Again After Third Consecutive Decline

Gold prices in Pakistan continued their downward trend on Tuesday, recording a third consecutive decline as local and international bullion rates moved lower.

According to the All Pakistan Sarafa Gems and Jewelers Association, the price of gold per tola decreased by Rs. 2,500, bringing the new rate to Rs. 434,963.

Gold Per Tola Falls to Rs. 434,963

The latest decline pushed gold closer to the Rs. 4.3 lac level in the local market. The price of 10 grams of gold also dropped by Rs. 2,143 and settled at Rs. 372,887.

This follows Monday’s decline, when gold prices fell by Rs. 2,400 to close at Rs. 437,436 per tola.

International Gold Rates Also Move Lower

Gold prices also dropped in the international market. The global rate fell by $25 and settled at $4,125 per ounce.

The decline in international prices has contributed to the downward movement in local gold rates, as Pakistan’s bullion market usually follows global market trends along with exchange rate adjustments.

Silver Price Also Declines in Pakistan

Silver prices also recorded a decrease on Tuesday. The price of silver per tola fell by Rs. 120 and settled at Rs. 6,559.

The latest drop shows continued pressure on precious metals, with both gold and silver moving lower in the local market.

Gold Market Remains Under Pressure

The third consecutive decline in gold prices may bring some relief for buyers, especially those planning jewelry purchases. However, market experts believe prices may continue to fluctuate due to changes in international bullion rates, currency movement, and local demand.

For now, gold prices in Pakistan remain under pressure after repeated declines in the local market.