The rate of 24 karat gold per tola fell by Rs2,500, bringing it down to Rs353,000. This sharp decline comes after gold was trading at Rs355,500 just a day earlier. The decrease wasn’t limited to tola rates — the price of 10 grams of 24 karat gold also plunged by Rs2,143, now standing at Rs302,640 compared to the earlier Rs304,783.
Even 22 karat gold saw a notable dip. Ten grams of 22 karat now cost Rs277,430, down by Rs1,964 from Rs279,394. Silver followed suit, with the per tola rate dropping by Rs30 to Rs3,841, and 10 grams slipping by Rs25 to Rs3,293.
On the global front, the international gold market witnessed a decline of $25, bringing the per ounce price to $3,310 from $3,335. Silver prices also eased down, falling by $0.30 to $36.57.
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This unexpected drop in gold and silver prices both locally and globally raises eyebrows. A $25 slump in the international market signals broader shifts — possibly due to interest rate speculations, changes in inflation outlook, or stronger dollar movements. Domestically, the fall may offer temporary relief to buyers, but jewellers and investors are treading cautiously. With economic uncertainty still looming and precious metals often seen as a safe haven, the coming days could see price volatility. Is this a golden opportunity for buyers, or just the calm before another surge?
