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Gold Prices Tumble in Pakistan Amid Global Market Volatility

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Gold prices in Pakistan dropped further on Tuesday, mirroring a decline in the international market as investors weighed Middle East tensions and awaited key US labor market data.

The price of gold fell by Rs800 per tola to Rs465,336, according to rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

In the international market, gold prices plummeted $8 to $4,428 per ounce, including a $20 premium.

Spot gold was down 0.4 percent at $4,430.78 an ounce by 0701 GMT after hitting its lowest level since August 19 in the previous session.

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