In a surprising development, gold prices in Pakistan have fallen sharply by Rs. 14,000 per tola, marking one of the biggest single-day drops seen in recent months. The unexpected decline has caught both investors and traders off guard, reshaping the local precious metals market.
According to market reports, the new rate of 24-karat gold now stands significantly lower across major cities. The price slump follows a fall in global bullion rates and the strengthening of the Pakistani rupee against the US dollar. These combined factors have contributed to the sudden price adjustment.
Experts believe the drop is driven by a reduction in international demand and growing signs of economic stability. As inflation eases and currency value improves, gold, traditionally seen as a safe investment, has lost some of its appeal in the short term.
The price drop has triggered mixed reactions across the country. Buyers and jewelry shoppers have welcomed the fall, seeing it as a good time to purchase gold for weddings and investments. However, traders and investors are expressing concern over reduced profit margins and market uncertainty.
Market analysts predict that gold prices may continue to fluctuate depending on global economic trends and currency movements. For now, this dramatic decline offers temporary relief to consumers while reminding investors that the gold market remains as unpredictable as ever.
