Gold Prices Fall Again: Per Tola Drops to Rs. 356200 in Pakistan

The price of gold has once again declined, continuing a trend seen in both international and domestic markets. This consistent fall in gold value has brought some relief to jewelry buyers, but it has also raised questions for investors who traditionally consider gold a secure and stable investment option.

Gold Prices in the International Market

In the global bullion market, the price of gold fell by $9 per ounce, bringing it down to $3,335 per ounce. This decline is part of a wider global trend, where fluctuations in the international economy, along with the strength of the US dollar, continue to impact commodity markets.

Gold is often considered a safe-haven asset, meaning people buy it during uncertain times. However, when other investments such as stocks or bonds appear more profitable, the demand for gold tends to fall, resulting in lower prices.

Gold Prices in Pakistan

Following the international trend, the local bullion markets in Pakistan also recorded a decline in rates. According to the latest figures:

• 24K Gold per Tola → Dropped by Rs. 900, now priced at Rs. 356,200
• 24K Gold per 10 Grams → Reduced by Rs. 771, now priced at Rs. 305,384

These changes indicate that buyers in Pakistan can purchase gold at lower rates compared to previous weeks, though frequent fluctuations continue to affect purchasing decisions.

Silver Prices

The decline did not stop at gold. Silver also witnessed a fall in prices across local markets:

• Per Tola Silver → Down by Rs. 41, now priced at Rs. 4,031
• Per 10 Grams Silver → Decreased by Rs. 36, now priced at Rs. 3,455

This simultaneous reduction in both gold and silver suggests that the global market forces influencing precious metals are having a significant impact at the local level too.

Why Are Gold Prices Dropping?

There are several key reasons behind this continued decline in gold prices:

• Strength of the US Dollar → A strong dollar makes gold more expensive in other currencies, lowering global demand.
• Shifts in Investment Trends → Investors may be moving their money toward stocks, bonds, or real estate instead of gold.
• Global Economic Uncertainty → While uncertainty usually strengthens gold demand, recent global trends show more interest in short-term profitable investments.

Impact on Different Stakeholders

The falling prices of gold affect people in different ways:

• For Consumers and Jewelry Buyers → Lower prices create an opportunity to buy gold jewelry at more affordable rates.
• For Investors → The decline creates uncertainty, as gold is generally seen as a long-term stable asset.
• For Jewelers and Traders → Continuous price changes can make business more challenging, as customer demand rises and falls with daily rate fluctuations.

Frequently Asked Questions (FAQs)

Conclusion

The consistent fall in gold and silver prices reflects the combined effect of global economic changes, currency strength, and shifting investor behavior. With per tola gold now at Rs. 356,200 and silver at Rs. 4,031, consumers have an opportunity to buy at reduced rates, while investors remain cautious about the uncertain future of the bullion market.

As the global and local markets continue to fluctuate, gold’s role as a safe and stable investment will be tested, and buyers in Pakistan will closely monitor daily price movements before making purchasing decisions.

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