According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola dropped significantly during the latest trading session.

The price fell by Rs7,100 and closed at Rs533,262 per tola, compared with Rs540,362 on the previous trading day.

Similarly, the price of 10 grams of 24-karat gold also decreased. It dropped by Rs6,087 and settled at Rs457,186, compared with Rs463,273 earlier.

Silver prices also recorded a noticeable decline in the market. The price of silver fell by Rs324 and reached Rs8,851 per tola.

Meanwhile, international bullion markets also showed a similar trend. Gold prices in the global market fell by $71 and reached $5,105 per ounce.

Market analysts said the sudden price fluctuation is linked to rising geopolitical tensions and economic uncertainty. They explained that increasing oil prices and ongoing airstrikes by the United States and Israel against Iran have created instability in global markets.

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Experts noted that such geopolitical tensions often influence commodity markets, including precious metals like gold.

Despite the recent decline, analysts believe the long-term outlook for gold remains strong. They say global economic uncertainty and investor demand for safe-haven assets continue to support the value of gold.

Experts also highlighted that gold’s limited supply and its independence from government policies make it a reliable hedge against inflation and currency depreciation. In times of market instability, investors often move their money from risky assets, such as stocks or speculative currencies, into gold.

For centuries, gold has been considered a symbol of wealth and financial security. Even today, it remains popular not only as jewellery but also as a trusted investment during uncertain economic times.