Gold prices in Pakistan recorded a major drop on Monday, following a strong downward trend in the international market that has affected investor sentiment and local trading activity. As a result, the price of one tola gold decreased by Rs21,500, bringing the new rate to Rs490,362 across major cities.
Similarly, the price of 10-gram gold also witnessed a sharp decline, falling by Rs18,433 and settling at Rs420,406. Traders said the sudden drop has created mixed reactions, as buyers see it as an opportunity, while sellers face losses after weeks of high prices.
Read more : Gold prices plunge to record one-day low in Pakistan
On the global front, gold prices have fallen by nearly $825 over the past three days, reflecting reduced demand and shifting economic expectations. During the latest session alone, gold dropped by $215, bringing the international price to around $4,676 per ounce.
Meanwhile, silver prices in Pakistan also moved downward, as the rate per tola fell by Rs602 and reached Rs8,405. Analysts believe the fall in both precious metals shows a broader correction after a long period of strong upward momentum.
Read more : Significant decline in gold and silver prices
In addition, oil prices dropped sharply in global markets, adding pressure to commodity trends overall. Brent crude fell by nearly 5% to $65.94 per barrel, while US crude slipped to $61.88, marking the biggest single-day fall in over six months.
Experts suggest that easing global tensions and economic signals are influencing investor behavior across commodities. As a result, gold and oil markets are likely to remain volatile in the coming days, with prices closely tied to international political and financial developments.