Gold prices in Pakistan fell sharply on Wednesday as global market pressures continued to impact local bullion rates. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJ), gold prices dropped by Rs 2,500 per tola, bringing the new rate to Rs 456,962 per tola.

The price of gold per 10 grams also declined by Rs 2,143, now recorded at Rs 391,771. Analysts attributed the fall to a global dip in gold prices, where international gold lost $25 to settle at $4,346 per ounce.

Silver prices mirrored the trend. In local markets, silver fell by Rs 212 per tola to Rs 7,718, while silver per 10 grams slipped by Rs 182 to Rs 6,616. Globally, silver dropped $2.12 to close at $72.43 per ounce, reflecting broader market weakness.

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Experts warned that open market prices may vary from official rates, creating uncertainty for buyers and traders as the new year begins. Many jewelers advised customers to monitor rates closely and exercise caution before making significant purchases.

Market analysts noted that international trends, currency fluctuations, and investor sentiment continue to play a major role in Pakistan’s precious metals market, suggesting that prices may remain volatile in the short term.

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As the year begins, both investors and consumers are keeping a close eye on gold and silver trends, balancing potential opportunities with risks amid ongoing global uncertainty.