Gold prices in both global and local markets have fallen for the second consecutive day, catching the attention of investors, jewelers, and everyday buyers. Today, the market is showing some movement, with prices slightly lower compared to the previous days. According to the All Pakistan Jewellers Association (APJJA), 24-carat gold per tola has decreased by 1,000 PKR, reaching 419,362 PKR.
Similarly, the price of 10 grams of gold has dropped by 857 PKR to 359,535 PKR. This means that buying gold has become slightly cheaper, which is welcome news for buyers in the market.Meanwhile, silver prices per tola have remained stable at 5,022 PKR. On the global market, gold has also seen a decrease, with one ounce now priced at 3,970 USD, down by 10 dollars. These fluctuations reflect current trends in both local and international markets.
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Table of Contents
Gold Prices in Pakistan
| Item | Previous Price | Current Price | Change |
| 24K Gold (per tola) | 420,362 PKR | 419,362 PKR | -1,000 PKR |
| 10g Gold | 360,392 PKR | 359,535 PKR | -857 PKR |
| Silver (per tola) | 5,022 PKR | 5,022 PKR | Stable |
| Gold (Global, per oz) | 3,980 USD | 3,970 USD | -10 USD |
Reasons Behind the Gold Prices Drop for the Second Day
There are several reasons for the drop in gold prices. The main factor is the strength of the US dollar and new policies introduced by global banks. When the dollar strengthens, gold usually becomes expensive, but currently, gold prices have fallen relative to the dollar. Additionally, global economic uncertainty and stock market movements also affect gold prices.
In Pakistan, local markets are following the same trend. In major cities like Karachi, Lahore, and Islamabad, buyers and investors are visiting markets to take advantage of the lower prices. Jewelers can now purchase gold at slightly cheaper rates to prepare their products, which can positively impact their business.
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Important Advice for Investors
Economists say that gold prices are always fluctuating, but these changes can be advantageous for investors. If you have already invested in gold, don’t ignore the current drop. Plan your purchases according to future expectations. For long-term investors, this could be a good opportunity.
Future Predictions
Gold prices are likely to remain stable in the coming days, but depending on global market conditions, further increases or decreases are possible. Investors and buyers should keep an eye on market trends and consult experts before making any quick decisions.
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Final Thoughts
Gold has always been valuable for investment and jewelry, and the current price drop is part of its usual market trend. In Pakistan, this decline is significant news for both buyers and investors. If you are thinking about buying or selling gold, consider this opportunity carefully.
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