The prices were decreased from the previous rate of Rs356,000, according to the All Pakistan Sarafa Gems and Jewelers Association.

The downward trend continued across the board. The price of 10 grams of 24-karat gold dropped by Rs4,287, now costing Rs300,925 instead of Rs305,212. Similarly, 22-karat gold for 10 grams slipped by Rs3,930 to Rs275,857, down from Rs279,787.

Silver was not spared either. The rate of per tola silver fell by Rs68 to Rs3,782, while 10 grams slid by Rs58, now priced at Rs3,242.

The international market echoed the decline. Global gold prices fell sharply by $53, bringing the new rate to $3,290 from the earlier $3,343. Silver followed suit with a $0.68 decrease, now priced at $35.98.

This steep drop in gold and silver prices has left investors and jewelers speculating about the causes. Some link the decline to stronger dollar performance, while others point to shifting global economic indicators or increased profit-taking in commodities.

Read more: Here’s how you can win a brand-new car

For potential buyers, this could be a golden window of opportunity — especially ahead of the wedding season when demand typically surges. For traders, however, it raises caution as volatility returns to precious metals amid global uncertainty.