In the international market, gold prices fell sharply, with a drop of $243 per ounce. The precious metal now trades at $4,767 per ounce, reflecting renewed volatility in global commodities markets and rising investor caution. Analysts suggest that global economic uncertainty and changes in interest rates have put pressure on gold demand.

Locally, the impact has been equally notable. The price of 24-carat gold per tola decreased by Rs 24,300, bringing it down to Rs 499,462. Similarly, 10-gram gold, a popular measure for household purchases and investments, became Rs 20,833 cheaper, now costing Rs 428,208. Traders say this sudden drop may encourage short-term buying among investors waiting for price corrections.

Silver also experienced a noticeable decline. The rate of 24-carat silver per tola dropped by Rs 760, reaching Rs 7,734. Market analysts believe that fluctuations in international silver prices, along with reduced industrial demand, are contributing to the local price decrease.

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Experts advise investors to stay cautious amid ongoing market volatility, noting that prices can swing further depending on global economic developments. Buyers looking to invest in precious metals may find this an attractive opportunity, but financial advisors warn to monitor market trends closely.

The sudden dip in gold and silver prices has drawn attention from traders and households alike, sparking curiosity about whether this is a short-term correction or the start of a larger downtrend.