According to the All Pakistan Sarafa Association, gold in the local market became cheaper by Rs2,300, bringing the new rate of 24-karat per tola to Rs442,162. Similarly, the price of 10 grams of gold dropped by Rs1,972 and reached Rs379,082. This fresh decline has raised new questions about market stability.
Experts say that a slight improvement in the dollar’s value and a weaker trend in international gold markets pushed Pakistan’s gold rates downward. They believe the market is responding to global pressure, and this trend may continue if currency movement remains unstable.
In the case of silver, the per tola rate stayed unchanged at Rs6,072, and the 10-gram price also showed no change. The Sarafa Association says reduced demand for silver is keeping its prices stable, unlike gold.
Reports indicate that gold in the international market also became cheaper by 23 dollars, settling at 4,198 dollars per ounce. Analysts say global investors are temporarily shifting their focus away from gold and toward other financial assets, which has affected international gold prices.
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The continuous ups and downs have made local buyers cautious, and business activity in Sarafa markets remained lower than usual as people waited to see where gold prices will head next.
Gold became cheaper again after a short increase. The change came because the dollar improved and global trends weakened. Silver stayed stable due to low demand. Many buyers are waiting for a clear direction before making purchases.