Gold Prices Pakistan See Sharp Decline
Gold Prices Pakistan dropped sharply on Thursday as the domestic bullion market witnessed a sudden correction after a strong upward rally.
According to the All Pakistan Gems and Jewellers Sarafa Association gold prices per tola declined by Rs 3700 bringing the rate down to Rs 482462.
Gold Prices Per Tola and 10 Grams
Gold Prices Pakistan showed a notable fall across all weights.
Latest rates are:
- Gold per tola Rs 482462
- 10 grams gold Rs 413633 after a decrease of Rs 3172
A day earlier gold had surged significantly closing at Rs 486162 per tola after gaining Rs 4300.
Read Also Here: Gold Prices Fall in Pakistan After Global Decline
Gold Prices Pakistan Follow Global Trend
Gold Prices Pakistan moved in line with the international bullion market.
In the global market gold prices fell by 37 dollars to settle at 4601 dollars per ounce including a premium of 20 dollars.
International price movements continue to strongly influence local gold rates.
Silver Prices Decline Alongside Gold
Along with Gold Prices Pakistan silver prices also declined.
Silver per tola dropped by Rs 150 and closed at Rs 9425 reflecting reduced momentum in precious metals.
Why Gold Prices Pakistan Changed Suddenly
Gold Prices Pakistan changed due to:
- Correction after rapid price increase
- Decline in international gold rates
- Profit taking by investors
- Currency and premium adjustments
Market analysts expect continued volatility in the coming days.
Historical Context Gold Prices Pakistan
Gold Prices Pakistan have shown strong long term growth due to inflation currency devaluation and global economic uncertainty.
Short term corrections like this are common after sharp rallies and reflect natural market adjustments rather than long term weakness.
Historically gold remains a preferred store of value for Pakistani investors.
Frequently Asked Questions FAQs
Why did gold prices drop in Pakistan
Gold prices dropped due to a fall in international rates and profit taking after a sharp rally.
What is the current gold price per tola
The current gold price per tola is Rs 482462.
Did silver prices also fall
Yes silver prices declined by Rs 150 per tola.
Do global prices affect local gold rates
Yes international gold prices strongly influence Gold Prices Pakistan.
Is this a long term decline
No analysts see this as a short term correction after a strong upward trend.
Official Information Source
Gold rate updates are published by:
https://www.apgjsa.com
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