💰 Gold Rates Continue Downward Trend in Pakistan
In a surprising turn for the local bullion market, the price of 24-karat gold has seen a sharp drop, falling by a total of Rs. 8,500 per tola over the past three days. On Saturday, gold was trading at Rs. 356,400 per tola, down Rs. 300 from Friday’s rate of Rs. 356,700, according to the All Pakistan Sarafa Gems and Jewelers Association.
⏳ Three-Day Price Plunge Raises Eyebrows
This latest Rs. 300 decrease follows a more significant slide earlier in the week — Rs. 8,200 per tola over the previous two days. Combined, the three-day total brings a notable dip of Rs. 8,500, creating fresh buzz in both the retail and investment markets.
📦 Grams Rate Also See Decline
It’s not just the per tola price taking a hit. The rate for 10 grams of 24-karat gold also dropped by Rs. 257, now priced at Rs. 305,555, down from Rs. 305,812. Similarly, 10 grams of 22-karat gold slipped by Rs. 235, now at Rs. 280,102 compared to Rs. 280,337 a day earlier.
🌍 Global Market Trends Show Similar Pattern
On the international stage, gold prices dipped slightly by $3, now trading at $3,337 per ounce, compared to $3,340. Silver also took a modest fall, dropping $0.60 to reach $38.14 per ounce from the earlier $38.74.
📊 What This Means for Buyers
For investors and jewelry buyers in Pakistan, this significant dip could be a timely opportunity. Market watchers suggest keeping a close eye on upcoming fluctuations, as price shifts like these don’t last long.
