Pakistan Gold Prices Plummet Amid Global Market Correction

Gold prices in Pakistan have stabilized at Rs454,036 per tola following a significant decline in international bullion prices. This downturn was also reflected in the rate of 10-gram gold, which dropped by Rs9,668 to Rs389,262.

The correction in global markets has put downward pressure on domestic rates, causing a notable drop in gold prices in Pakistan. Market participants are now closely monitoring international bullion prices for further direction, as additional movements in global gold prices could influence rates in the country.

Silver prices have also recorded a decline in the domestic market, with its price decreasing by Rs270 per tola to Rs6,859 per tola.