Pakistan Gold Prices Plummet Amid Global Market Decline
Gold prices in Pakistan dropped by Rs1,000 per tola on Tuesday, as the global market trend took its toll. According to the All Pakistan Sarafa Association, the price of 24-karat gold fell to Rs462,136 per tola. In contrast, silver rates rose by Rs10 per tola to reach Rs7,069.
The decline in gold prices is attributed to a cautious approach adopted by investors ahead of key US inflation data release. This has led to subdued global bullion markets, which in turn affects precious-metal rates in Pakistan.