Gold prices in Pakistan have seen a major drop, with a decrease of Rs. 4,700 per tola. After this reduction, the new price of one tola of gold is Rs. 301,500. Likewise, the price of 10 grams of gold has fallen by Rs. 4,030, bringing it down to Rs. 258,487.
This decline is also reflected in the international market, where gold prices have dropped by $50 per ounce. The new global price of gold now stands at $2,883 per ounce, showing a downward trend.
Experts suggest that various factors, including global economic shifts, changes in demand and supply, and the strength of the US dollar, have contributed to this decline. Many investors closely follow gold prices as it is considered a safe-haven asset during uncertain economic times.
Despite the drop, gold remains a valuable investment in Pakistan. People looking to buy gold for investment or jewelry may find this price reduction an opportunity. However, market fluctuations can continue, so potential buyers should stay updated on price trends before making a decision.
