Gold prices in Pakistan continued to decline for the fifth consecutive day, giving relief to buyers and investors who had been facing record-high rates earlier this month. According to market data, the per tola rate dropped again today as international prices eased and the Pakistani rupee showed slight improvement against the dollar.
Experts said that the gold price in Pakistan is falling due to global market corrections and reduced local demand. International investors are shifting their focus toward the dollar and bonds, which has pushed gold rates down. Meanwhile, local traders expect further minor adjustments in the coming week.
The All Pakistan Gems and Jewellers Association confirmed that the price of 24-karat gold fell by several hundred rupees per tola, marking a steady decline trend. Retailers in Karachi, Lahore, and Islamabad reported lower footfall in gold markets but welcomed the stabilization after weeks of fluctuation.
Economists believe this ongoing dip might attract new investors looking to enter the market at lower levels. However, they advised caution, as international trends can quickly change due to inflation reports or changes in US interest rates.
The gold price in Pakistan continues to reflect both international cues and local currency conditions. Experts recommend monitoring the market daily for the latest updates and investment opportunities.
