Gold Price Drop by Rs 2,300 Per Tola in Pakistan

The gold market in Pakistan witnessed a decline after a continuous three-day upward trend, as prices dropped in both local and international bullion markets. According to the latest updates from the Karachi Sarafa Bazaar, gold rates decreased significantly, bringing relief to buyers after recent record highs.

Gold Price in Karachi Today

The price of 24-karat gold in tolas in Pakistan dropped by Rs 2,300 to Rs 452,936 per tola. This was after several days of gains in the local bullion market.

Likewise, the price of 10 grams of gold also fell by Rs 2,070 to Rs 387,615 in gold market of Karachi.

International Gold Market Update

Gold prices also weakened in the global bullion market, falling $23 an ounce. The international price for gold has now risen at about $4,305 per ounce, with continued market volatility in international markets.

Silver Price in Karachi Falls

Silver prices also fell in the local market, along with gold. According to the All Pakistan Gems and Jewellers Association, the price of silver per tola fell Rs 144 new price is Rs 7,359 per tola.

Why Gold Prices Are Falling in Pakistan

Market analysts link the recent drop in gold prices to:

• Fluctuations in the international bullion market
• Strengthening of the US dollar
• Profit-taking after recent price increases
• Global economic uncertainty impacting commodity demand

Gold prices in Pakistan are extremely sensitive to international trends, particularly those relating to the USD-to-PKR exchange rates and global demand for safe havens.

Karachi Gold Market Outlook

Gold prices could remain volatile in the days ahead as investors watch global economic indicators and central bank policy, experts say. Karachi buyers are suggested to check gold rate change daily before investing and buying jewellery.

The data presented herein has been verified from the Karachi Sarafa market and reports filed by various associations of the bullion market. Due to local demand and making charges, the prices may differ slightly from one city to another and from one jeweller to another.