A major update from Pakistan today gold prices have seen a historic decline, leaving citizens surprised. New Gold and Silver Prices in Pakistan. Due to reduced investment in pure gold globally, the rise in the value of the US dollar, and a decrease in geopolitical tensions, both gold and silver prices have continued to fall. For investors, this situation signals a major shift, as gold is no longer seen as the same “safe asset” it once was.
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Global Market Sees Sharp Decline in Gold Prices
In the international bullion market, the price of gold fell by $140 per ounce, bringing it down to $3,940 per ounce. This significant decline directly impacted the Pakistani gold markets, where prices dropped sharply on Tuesday.
Table : Global Gold Price Changes
| Item | Old Price (USD) | New Price (USD) | Decrease |
| Gold per Ounce | 4,080 | 3,940 | 140 USD |
New Gold Prices in Pakistan
In the local market, 24-karat gold per tola dropped by Rs. 14,000, now priced at Rs. 416,362. Similarly, 10 grams of gold fell by Rs. 12,003, now being sold for Rs. 356,963.This marks one of the steepest drops in recent months, showing how strongly the global price decline has influenced the local Pakistani market.
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Table : New Gold and Silver Prices in Pakistan
| Item | Old Price (PKR) | New Price (PKR) | Decrease |
| Gold per Tola | 430,362 | 416,362 | 14,000 |
| Gold per 10 Grams | 368,966 | 356,963 | 12,003 |
| Silver per Tola | 5,097 | 4,924 | 173 |
| Silver per 10 Grams | 4,369 | 4,221 | 148 |
Significant Drop in Silver Prices Too
It’s not just gold, silver prices have also gone down. Silver per tola fell by Rs. 173, now priced at Rs. 4,924, while 10 grams of silver dropped by Rs. 148, now standing at Rs. 4,221.
Experts’ Opinion
Experts believe that globally, investors are shifting towards oil and stock markets, leading to a decrease in investment in gold. Moreover, the strengthening US dollar has pushed gold prices even lower. If this trend continues, gold could become even cheaper in the coming days, a positive sign for buyers, especially with the wedding season approaching.
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Final Thoughts
This decline in gold prices brings good news for the people of Pakistan, especially those planning to buy gold for weddings or investment purposes. Considering the ongoing global market trend, gold prices might drop further in the near future. However, it’s always wise to consult financial experts before investing, to avoid any potential losses.
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