Gold prices drop by thousands of rupees– What’s behind the sudden fall?
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KARACHI: (Web Desk) Big news for gold lovers! Gold prices have dropped both locally and globally. The price of gold in the local market has fallen by Rs2,000 per tola. Now, one tola of gold costs Rs318,000, down from Rs320,000.

The price of 10 grams of gold has also decreased by Rs1,572, bringing the cost of 10 grams of gold to Rs272,633 in Pakistan.

On the global front, gold prices have also fallen. The price of one ounce of gold in international markets dropped by 28 dollars, bringing it down to 3,010 dollars.

Even silver has become cheaper! The price of one tola of silver has fallen by Rs50, now selling at Rs3,170. The cost of 10 grams of silver is now Rs2,717.68.

Experts believe that the drop in gold prices is being affected by international market trends, including changes in the value of the dollar, global economic uncertainty, and cautious investment strategies. If these trends continue, there could be further price drops in the coming days.

Analysts also point out that recent actions by the U.S. government, including increasing tariffs on goods from China and other countries, have led to trade uncertainty. This has made investors temporarily move away from safe investments like gold. So, is this the right time to buy or wait for even lower prices? Stay tuned!

 

 

          
Currency / Metal / Petrol Rates
Currency → PKR
Currency Pair Rate (PKR) Change
🇺🇸 US Dollar USD → PKR 277.09 ▲ 0.01
🇪🇺 Euro EUR → PKR 315.21 ▼ 0.29
🇬🇧 British Pound GBP → PKR 366.24 ▼ 0.70
🇸🇦 Saudi Riyal SAR → PKR 73.77 ▲ 0.01
🇦🇪 UAE Dirham AED → PKR 75.44 —
🇨🇳 Chinese Yuan CNY → PKR 41.29 —
Current Metals
Metal Unit Price (PKR) Change
Gold 24K Per Tola 453,648 ▼ 505
Gold 22K Per Tola 415,844 ▼ 463
Gold 21K Per Tola 396,942 ▼ 442
Gold 18K Per Tola 340,236 ▼ 379
Silver Per Tola 7,008 ▲ 75
Platinum Per oz (USD) 1,843 ▲ 25.2%
Current Petrol
Fuel Type Unit Price (PKR) Change
Petrol Super Per Litre 389.28 ▼ 2.77
Diesel HSD Per Litre 304.78 —
High Octane Per Litre 445.00 —
Kerosene Per Litre 347.32 —
LPG Per Kg 258.65 —
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