Gold Prices Fall Again in Pakistan but Remain Above Rs. 5 Lakh per Tola
Gold prices in Pakistan recorded a second consecutive decline on Tuesday, although rates remain at historically high levels.
International market trend
In the global bullion market, gold prices fell by $10 per ounce, bringing the price to around $4,778 per ounce. Analysts say market volatility is being driven by uncertainty surrounding ongoing US-Iran talks, which has kept investors cautious.
Gold rates in Pakistan
In the local market, the price of gold per tola dropped by Rs. 1,000, settling at Rs. 500,162 per tola.
Similarly:
- 10 grams of gold decreased by Rs. 857 to Rs. 428,808
On Monday, the per tola price stood at Rs. 501,162.
Silver prices also decline
Silver prices also moved downward in the local market:
- Per tola silver fell by Rs. 59, reaching Rs. 8,358
Market outlook
Experts say gold prices are likely to remain volatile due to ongoing global economic and geopolitical uncertainty. However, precious metals are still trading near record-high levels, keeping investor interest strong.
