KARACHI : In a major market correction fueled by delays in the Iran-US agreement and subsequent shifts in the global market, gold prices in Pakistan have experienced a massive drop of Rs. 8,600 per tola.
According to the All Pakistan Gems and Jewellers Association, this sharp decline has brought the domestic price of 24-karat gold down to Rs. 467,762 per tola. Similarly, the price of 10 grams of gold decreased by Rs. 7,373, settling at Rs. 401,030.
This downward trend closely mirrors international market movements, where gold prices plummeted by $86 to trade at $4,454 per ounce.
The bearish sentiment also impacted the local silver market, pushing the price of silver down by Rs. 259 to close at Rs. 7,894 per tola.
