Gold prices in Pakistan dropped sharply on Monday, following a significant decline in the international market. The fall comes after a brief gain on Saturday, highlighting the volatile trend in precious metal rates.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola fell by Rs. 5,500, closing at Rs. 470,162. Similarly, the rate for 10 grams of gold decreased by Rs. 4,715, settling at Rs. 403,088.

On Saturday, local gold prices had surged by Rs. 2,300 per tola to reach Rs. 475,662, making Monday’s decline a notable reversal.

The drop aligns with global trends, where gold prices fell by $55 per ounce, bringing the international rate to $4,478, including a $20 premium. Analysts attribute this decline to fluctuations in the global market and changes in investor sentiment.

Silver prices also witnessed a downturn, with the rate per tola falling by Rs. 332 to Rs. 8,075. Traders warned that prices might continue to fluctuate depending on international market movements and demand-supply dynamics in Pakistan.

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Investors and traders are advised to monitor market trends closely, as precious metal prices remain highly sensitive to global economic indicators, foreign exchange rates, and geopolitical developments.

This movement underscores the importance of keeping track of both local and international markets for anyone involved in buying or selling gold and silver in Pakistan.