Gold prices witnessed a record-breaking decline in Pakistan as well as in the global market, drawing strong attention from investors and buyers alike.

According to market data, the price of gold in the local market dropped sharply by Rs 43600 per tola in a single day. Following this steep fall, the new price settled at Rs 447762 per tola. Experts describe this decline as highly unusual, noting that such a massive drop in one day is rarely seen.

In the international market, gold prices also plunged significantly. The price per ounce fell by $436, bringing it down to $4250. Analysts attribute this sharp decline to multiple economic factors, including a stronger US dollar, expectations of higher interest rates, and a shift in investor interest toward other assets.

Economic experts explain that when the US dollar strengthens, gold becomes more expensive for buyers using other currencies, leading to reduced demand and lower prices. Additionally, easing global uncertainty has reduced gold’s appeal as a safe-haven investment.

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Meanwhile, silver prices also followed a downward trend. In Pakistan, silver dropped by Rs 800 per tola, reaching Rs 6884. Experts note that silver often moves in line with gold, which explains the simultaneous decline.

Analysts suggest that if current global trends continue, further fluctuations in gold and silver prices are likely. They advise investors to closely monitor market movements, while noting that the current dip may offer a favorable opportunity for jewelry buyers.