The price of 24-karat gold per tola dropped by Rs2,800 to Rs537,162, while 10 grams of 24-karat gold declined by Rs2,401 to Rs460,529. Silver prices also fell, with the rate per tola decreasing by Rs194 to Rs8,810.

Internationally, gold prices declined by $28 to $5,144 per ounce. Experts said a stronger US dollar reduced safe-haven demand, even amid rising tensions caused by US-Israeli air strikes on Iran. A strong dollar typically makes gold more expensive for buyers using other currencies, which affects local prices.

Market analysts, however, remain optimistic about gold’s long-term outlook. They note that ongoing global economic uncertainty and steady investor demand continue to support bullion. Gold’s limited supply, intrinsic value, and independence from government policies make it a reliable hedge against inflation and currency depreciation.

Must Read: Rupee continues upward streak against US Dollar in interbank market

Geopolitical tensions, trade disputes, and market volatility often prompt investors to move away from risky assets such as equities or speculative currencies, increasing demand for gold. Despite short-term dips, gold continues to serve both as a symbol of wealth and a financial safeguard. Its safe-haven appeal remains strong for institutional and retail investors amid global uncertainty.