Gold prices drop again but silver climbs higher in Pakistan

According to the All Pakistan Sarafa Association, 24-karat gold per tola price dropped by Rs43. The new price now stands at Rs437,993 per tola across the country.

Similarly, the price of 10 grams of gold also decreased by Rs39. The new rate has been set at Rs374,166 in the local market.

Market sources said that after a major drop yesterday, the gold market remained relatively stable today. Traders are closely watching the next move.

On the other hand, silver prices increased in the local market. Per tola silver became Rs16 more expensive and reached Rs6,972.

This rise has kept investor interest active in silver trading. Many small investors are now showing more focus on silver instead of gold.

Also read: Big overhaul in Private Hajj Policy 2027-2030 shocks operators

In the international market, gold also recorded a slight decline. Gold per ounce dropped by 43 cents and was traded at 4,155 dollars and 57 cents.

Economic experts say global conditions, dollar value, and investor behavior directly affect gold prices. They believe more ups and downs may be seen in the coming days.

The market is showing mixed signals after a sharp drop in gold prices. Stability is slowly returning but uncertainty is still present. Silver is gaining attention as gold remains unstable. Future prices will likely depend on global economic changes and currency movement.