Gold prices in Pakistan now have fallen sharply, ending a two-day rise.
According to the All Pakistan Gems and Jewellers Association (APGJA), the price of 24-karat gold is down Rs 3,500 per tola to Rs 420,362.
Whereas, the rate for 10 grams fell by Rs 3,001 to Rs 360,392.
The move follows a decline in global markets, where gold slipped $35 to $3,980 per ounce.
A stronger US dollar and softer international demand have added pressure on local prices.
Jewelers also report buyers are holding back, waiting to see if rates settle further.
Meanwhile, Silver moved lower as well.
Per tola silver fell Rs 130 to Rs 5,022, while 10 grams dropped Rs 112 to Rs 4,305.
Globally, silver traded near $47.60 per ounce.
What these prices means for small buyers in Pakistan?
lower prices may draw interest for small purchases for middle income households or wedding season bookings, but many households remain cautious.
For sellers, thinner footfall and fast price swings are encouraging day to day pricing and tight inventory control.
In short, gold prices in Pakistan now reflect the global downtrend and currency shifts. If international prices or the dollar stabilize, local rates could find a stable price; if not, further volatility is possible.
