A significant decline in gold prices has been observed in both international and local markets, prompting renewed discussions among jewelers and investors.
In the local bullion market, the price of gold per tola has dropped by Rs11,700, now selling at Rs352,000.
Similarly, the price for gold per 10 grams has decreased by Rs10,031, with the new price set at Rs301,783.
This sharp decline has led to a temporary increase in market activity.
In the international arena, gold prices have also fallen significantly, decreasing by $116 to reach $3,338 per ounce.
Experts attribute this decline to various factors, including shifts in the global economy, fluctuations in the dollar’s value, and changes in international financial policies.
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Gold prices break all previous records, reach all-time high in Pakistan
Market analysts suggest that if this downward trend persists globally, local gold prices may continue to decrease, providing favorable news for jewelry buyers and those preparing for the wedding season.
