In a notable move, the All Pakistan Sarafa Gems and Jewelers Association reported that the price of 24 karat gold per tola declined from Rs348,600 to Rs347,200 in just a day. This drop has caught the attention of both traders and buyers looking for market entry.
Likewise, the price of 10 grams of 24 karat gold also fell by Rs1,200, now available at Rs297,668, compared to its previous price of Rs298,868. Meanwhile, 10 grams of 22 karat gold is now priced at Rs272,872, down from Rs273,972, marking a Rs1,100 decrease.
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The silver market wasn t spared either. The per tola rate of silver fell by Rs24 to Rs3,456, and the 10 grams silver rate slipped by Rs21, now selling at Rs2,962.
In the international market, gold prices also declined. The global price of gold dropped by $14, falling from $3,302 to $3,288. Silver prices dipped slightly too, sliding by $0.24 to $32.98.
This drop in gold and silver prices reflects not just local market shifts but also international trends. The global price pressure is trickling down into the Pakistani market, opening a potential buying window for those looking to invest in precious metals. However, uncertainty remains — should you buy now, or could prices fall further?
These price changes may trigger short-term buying, but investors are advised to keep an eye on international market cues before making large purchases. With global inflation concerns and currency fluctuations, the next few weeks could be crucial.
