Gold prices witnessed a significant decline once again, with the global market seeing a drop of $130 per ounce. According to reports from international financial agencies, the price of gold fell from $5010 to $4879 per ounce. Analysts attribute this decline to ongoing geopolitical developments between United States and Iran, which continue to influence investor sentiment worldwide.

Investors are closely monitoring the upcoming minutes of the Federal Open Market Committee (FOMC) meeting in the US, as global financial markets await guidance on future monetary policies. This uncertainty has contributed to fluctuations in gold prices in international markets.

Local gold dealers in Pakistan anticipate that the decline in international gold prices will directly affect domestic prices. Experts predict that the price of one tola of gold could fall by Rs 12,000 to 13,000, following the global trend.

For reference, the price of one tola of gold in Pakistan was recorded at Rs 523,762 yesterday. Market watchers say that continued global volatility and economic developments could lead to further fluctuations in domestic gold rates.

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Financial analysts suggest that the fall in gold prices may provide opportunities for investors looking to buy at lower rates, though they caution that geopolitical tensions and central bank policies will continue to create market uncertainty.

With the gold market being highly sensitive to international developments, both global investors and local buyers are keeping a close eye on US-Iran relations and upcoming financial decisions in the US.