According to the All Pakistan Sarafa Gems and Jewelers Association, just a day earlier, the precious metal was trading at Rs356,000.

Similarly, the price of 10 grams of 24-karat gold fell by Rs771, now priced at Rs304,441 compared to Rs305,212. The 22-karat gold also followed the downward trend, dipping by Rs706 to Rs279,081 from the previous rate of Rs279,787.

Silver wasn’t spared either. The price per tola decreased by Rs50 to Rs3,964, while the rate for 10 grams of silver dropped by Rs43, now standing at Rs3,398.

On the international front, gold lost $9, bringing its price down from $3,335 to $3,326. Silver also declined by $0.5 and now trades at $37.80 globally.

Read more: Vlektra special edition bike comes with easy installments

This consistent decline in both domestic and international gold and silver prices suggests a broader market correction. While international fluctuations play a key role, local factors such as reduced demand, currency adjustments, and economic tightening in Pakistan may be influencing the trend.

For investors and jewelers, this sudden dip may present both a challenge and an opportunity, depending on how the global financial landscape evolves in the coming weeks.