Gold prices in Pakistan witnessed a sharp decline at the end of the business week, dropping by PKR 1,046 per tola. The All Pakistan Gems and Jewelers Association confirmed that the new price now stands at PKR 299,000 per tola, down from the previous day’s peak of over PKR 300,000.

Global Gold Market Influence

This decline aligns with a downward trend in the international gold market, where prices fell by $8 per ounce, bringing the new global rate to $2,861 per ounce. Analysts suggest this drop is due to several key factors, including:

  • Fluctuations in the US dollar value
  • Changing investor sentiment amid global economic uncertainty
  • Adjustments in central bank policies and interest rates

Market Trends and Investor Insights

Gold remains a key investment in Pakistan, often viewed as a hedge against inflation and currency instability. However, rapid price fluctuations create uncertainty for both investors and jewelry buyers.

This price drop may encourage some buyers to invest, but further volatility is expected in the coming weeks as global markets react to economic shifts. Experts recommend closely monitoring international trends before making major gold investments.