According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 1 tola gold dropped by Rs100, bringing the new rate to Rs352,900.

Similarly, the price of 10 grams of gold saw a reduction of Rs86, and now stands at Rs302,555.

This downward trend is not limited to Pakistan. The international gold market also saw a small dip, with the price of gold per ounce falling by 1 dollar, reaching 3,302 dollars.

It’s important to note that just a day earlier, there was a sharp drop of Rs2,000 per tola in the local gold market — one of the biggest single-day drops in recent weeks.

Experts are closely watching this trend and believe that further fluctuations in local prices may occur in the coming days.

Economists suggest that the ongoing changes in global economic conditions, the dollar exchange rate, and inflation trends are major factors influencing gold prices.

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Citizens are strongly advised to check the latest rates before making any decision to buy or sell gold, as the market remains unpredictable.

The ongoing dip in gold prices could offer a buying opportunity for investors, but it also signals possible instability linked to broader economic issues. If the dollar weakens or inflation eases, gold may stabilize. However, with global financial uncertainty still looming, volatility remains the name of the game.