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Gold Prices Plummet by Rs3,000 in Pakistan as International Rates Decline

Meanwhile, silver prices remained stable at Rs3,050 per tola.

In a significant shift, gold prices in Pakistan witnessed a steep decline on Wednesday, dropping by Rs3,000 to settle at Rs271,700 per tola.

This decrease aligns with a broader drop in international gold rates, reflecting changing market dynamics.

The price for 10 grams of gold also saw a reduction, falling by Rs2,572 to reach Rs232,939, as reported by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Just a day earlier, gold prices had already begun their downward trend, having decreased by Rs1,000 to close at Rs274,700.

The international gold market mirrored this decline, with prices falling to $2,617 per ounce, including a $20 premium, marking a $30 reduction for the day.

Meanwhile, silver prices in Pakistan remained stable at Rs3,050 per tola.

It’s worth noting that last month, gold prices peaked at an all-time high of Rs277,000 per tola in Pakistan, highlighting the recent volatility in the market.

Saman Siddiqui

I am a freelance journalist with a Master’s Degree in Mass Communication and an MS in Peace and Conflict Studies. Since 2006, I have been involved in various capacities within the electronic media industry. At OyeYeah, I cover diverse genres ranging from journalism and fiction to fashion, including reviews and fact-finding reports.

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