Gold prices take a sudden plunge – What fuels the slide to Rs344,500 per tola?

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May, 2 2025
ISLAMABAD (Suno News) In a surprising turn for precious metals, the price of 24-karat gold dropped sharply by Rs1,300, settling at Rs344,500 per tola on Friday, according to the All Pakistan Sarafa Gems and Jewelers Association.
This marks a notable decline from the previous day’s rate of Rs345,800, raising questions about what’s driving the sudden dip.
Similarly, the price of 10 grams of 24-karat gold fell by Rs1,114, now priced at Rs295,353 compared to Rs296,467 earlier. For 22-karat gold, the 10-gram rate also slid to Rs270,740 from Rs271,771.
Meanwhile, silver remained stable, with per tola and 10-gram rates holding at Rs3,427 and Rs2,938 respectively.
On the global front, gold slipped by $13, dropping to $3,263 from $3,276, while international silver prices stood at $32.45.
With both local and international markets shifting, investors are left wondering: is this a brief dip—or the beginning of a broader trend?
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