Karachi: A decrease of Rs 1,000 has been recorded in the price of gold across the country.
According to the All Pakistan Gems and Jewelers Association, the price of gold per tola decreased by Rs 1,000, bringing the new rate to Rs 426,436 per tola.
Similarly, the price of 10 grams of gold decreased by Rs 857, settling at Rs 365,600. In the international market, gold prices dropped by $10, bringing the rate to $4,040 per ounce.
Gold Prices in Pakistan Over the Past Two Months
Over the past two months, gold prices in Pakistan have experienced significant volatility, driven by both fluctuating international bullion trends and local currency dynamics.
Between late spring and mid-summer, the domestic market saw frequent shifts, with per tola rates oscillating significantly as global safe-haven demand reacted to shifting macroeconomic indicators and geopolitical tensions.
Local jewelers note that while domestic rates closely mirror international ounce movements and exchange rate adjustments, purchasing power has faced continuous strain.
Investors and buyers have closely monitored these weekly peaks and troughs, as bullion remains a primary hedge against inflation despite the high market threshold.
