Gold Prices Drop in Pakistan by PKR 3600 Per Tola | Global Rates Also Fall
Gold prices have seen a sharp decline both in Pakistan and the global market, bringing a wave of interest among investors, jewellers, and everyday buyers. The drop is significant, with local prices falling by thousands of rupees and global rates also taking a hit.
📉 Major Drop in Local Gold Prices
According to the latest figures shared by the All Pakistan Sarafa and Jewellers Association, the price of gold in the local market has fallen considerably:
- Price per tola: Decreased by PKR 3,600 to reach PKR 358,800
- Price per 10 grams: Down by PKR 3,086, now standing at PKR 307,613
For many buyers, this drop comes as a relief after months of high prices that kept gold out of reach for several households. For jewellers, however, it means adjusting their pricing strategies to keep business flowing.
🌍 Global Gold Market Also Weakens
This trend isn’t limited to Pakistan. In the international market, gold prices have dropped by a notable margin:
- Per ounce: Declined by $36, now priced at $3,361 per ounce
The fall in global prices often has a direct impact on Pakistan’s gold market because the country relies heavily on imports for precious metals.
🪙 Silver Prices See a Decline Too
Gold isn’t the only metal losing value — silver prices have also dipped both locally and internationally:
- Local silver price: Dropped by PKR 51, now at PKR 4,013 per tola
- International silver price: Fell by $0.51, now at $37.80 per ounce
🔍 Why Are Prices Falling?
While the exact cause of this specific drop wasn’t officially stated, gold prices generally respond to a mix of economic and geopolitical factors. Common reasons include:
- Global economic trends – When economies show signs of slowdown, gold can lose demand as investors shift focus.
- Strength of the US dollar – Gold is priced in dollars, so a stronger dollar often pushes gold prices down.
- Interest rate decisions – Higher interest rates can reduce the appeal of gold as an investment.
- Political stability – Calm political conditions often lower the urgency to invest in gold as a “safe haven” asset.
📅 Recent Trends in Gold Prices
This is not the first drop in recent days. On Saturday as well, gold prices fell in both Pakistan and the global market. The repeated declines suggest that the market is going through a phase of downward adjustment, possibly linked to international currency and commodity movements.
❓ Common Questions About the Gold Price Drop
What is a “tola”?
A tola is a traditional South Asian unit of weight used mainly for precious metals like gold and silver. One tola is equal to about 11.66 grams.
What is a “per ounce” price in gold trading?
Globally, gold is measured in troy ounces, which are slightly heavier than regular ounces. One troy ounce equals about 31.103 grams.
How do global prices affect Pakistan?
Since Pakistan imports most of its gold, changes in the international market directly influence local prices, along with the impact of currency exchange rates.
Could prices go down further?
It’s possible. If global conditions like a strong US dollar or stable political environments continue, prices might drop more. However, gold is also known for sudden rebounds.
Should I buy gold now?
This depends on whether you’re buying as an investment or for personal use. Investors often wait for stability, while jewellery buyers might take advantage of lower prices.
🧠 Key Observations in Market Terms
From an analytical perspective, the important elements in this market report include:
- Entity names: All Pakistan Sarafa and Jewellers Association, Pakistan, global market
- Numerical values: Specific price changes in both rupees and dollars
- Measurement units: Tola, grams, troy ounce
- Time reference: Past events like “Saturday” indicating recent trends
- Economic impact terms: Price drop, decline, demand, global economy
📝 Conclusion
The recent fall in gold prices is a moment of opportunity for some and caution for others. While buyers looking for jewellery may benefit from the drop, investors should watch the market closely, as gold is known for its volatility. With the price of gold in Pakistan down by PKR 3,600 per tola and global rates also falling, the coming weeks will reveal whether this is a short-term dip or part of a longer trend.
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