The gold prices on Tuesday declined for the second consecutive day after a persistent increase in prices in the last week in the global and local markets in Pakistan.
According to the All Pakistan Gems and Jewellers Association, gold per tola in the country today fell by Rs 3,600 to Rs 347,900.
Similarly, the price of 24-carat 10-gram gold fell by Rs 3,086 to Rs 298,268, while 22-carat 10-gram gold fell by Rs 2,829 to Rs 273,422.
The prices of silver per tola and 10 grams fell by Rs 60 and Rs 52 to Rs 3,448 and Rs 2,956, respectively.
It should be noted that gold had fallen by Rs 2,600 to Rs 351,500 yesterday.
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Gold prices in Pakistan have dropped Rs 2600 per Tola after a consecutive rise in prices over the last several days.
According to the Market, on the first day of the business week, the price of gold per tola fell by Rs 2,600.
In the global market, gold per ounce fell by $ 26 to $ 3,331.
According to data released by the All Pakistan Saraf and Jewellers Association, the price of 24-carat gold per tola in Pakistan has decreased by Rs 2,600 to Rs 351,500.
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On the other hand, the price of ten grams of gold has also decreased by Rs 2,228 to Rs 301,354.
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Gold prices in Pakistan witnessed a sharp rebound today on May 23, reversing the previous day’s decline and highlighting the ongoing volatility in the bullion market. According to the All Pakistan Gems and Jewellers, the price of one tola of gold (approximately 11.66 grams) jumped by Rs3,500, reaching Rs351,000.
Likewise, the price of 10 grams of gold rose by Rs3,000, now standing at Rs300,925. This surge follows a Rs1,900 drop just a day earlier, when the price per tola had fallen to Rs347,500.
On the international front, gold prices climbed by $35 per ounce, bringing the global rate to $3,326. Analysts attribute the sharp rebound to a mix of global uncertainty, currency fluctuations, and increased investor demand for safe-haven assets such as gold.
The rapid movement in gold prices reflects the market’s sensitivity to both domestic economic conditions and international developments. With upcoming budget announcements and ongoing geopolitical tensions, jewellers and investors are preparing for continued volatility in the near term.
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