Gold Prices Drop Sharply: Tola Falls by Rs 9,500 in Pakistan

Date:

Karachi, Pakistan – Web Desk: Gold prices in Pakistan fell sharply today, reflecting declines in the global bullion market. According to the All Pakistan Gems & Jewellery Association (APGJA), the price of gold dropped by Rs 9,500 per tola, bringing the rate to Rs 494,662 per tola.

Similarly, the price of 10 grams of gold decreased by Rs 8,145, now trading at Rs 424,092.

In the international market, gold prices fell by $95 per ounce, reaching $4,723/oz, amid fluctuations in global commodity and currency markets. Analysts attribute the decline to weak demand, a stronger US dollar, and shifts in investor sentiment.

Investors and traders are advised to monitor global trends closely, as precious metals remain volatile amid economic uncertainty.

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