Pakistan’s gold market witnessed a significant decline on Tuesday, following a minor uptick the previous day, affecting investors and buyers across the country.

According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola fell by Rs4,000, bringing it to Rs450,862. Similarly, 10 grams of 24-karat gold dropped by Rs3,429 to Rs386,541.

The fall extended to 22-karat gold, with 10 grams now trading at Rs354,342, down Rs3,143. Analysts said these movements reflect both domestic and international market pressures.

Global Trends Influence Local Market

The decline in Pakistan mirrors global bullion trends, where gold dropped $40 per ounce, now valued at $4,285. Fluctuating currency exchange rates, investor sentiment shifts, and global economic indicators have all contributed to the price drop.

Silver Market Holds Steady

In contrast, silver prices remained stable. The rate of 24-karat silver per tola stayed at Rs6,532, while 10 grams held at Rs5,600. Experts noted that silver appears less sensitive to global volatility, maintaining consistent local value.

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Investor Outlook

Market watchers suggest investors remain cautious amid ongoing global uncertainties. While gold shows strong reactions to international trends, silver offers a relatively stable alternative for local buyers.

The recent slump highlights how closely Pakistan’s precious metals market is linked to global movements, reminding traders and investors to monitor both local and international developments.