Gold prices in Pakistan fell sharply on Tuesday following a drop in international rates. The price per tola decreased by Rs1,500 to Rs530,562. Meanwhile, 10-gram gold was sold at Rs454,871 after a fall of Rs1,286.
On Monday, gold had gained Rs10,900 per tola, reaching Rs532,062, showing high volatility in the local market. Analysts said local prices closely follow international trends and investor sentiment.
Read more: Gold prices hit fresh record amid global rally
The international gold rate also dropped, declining by $212 to $11,640 per ounce, with an additional $20 premium. Experts said global economic factors continue to influence the commodity market.
Similarly, silver prices decreased slightly by Rs41 per tola, reaching Rs6,004. Traders said both metals are reacting to global demand and currency fluctuations.
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Investors are advised to monitor gold and silver rates closely amid ongoing market volatility. Analysts expect prices may continue fluctuating in the coming days.