KARACHI– Gold prices in Pakistan continued their downward trend on Wednesday, mirroring declines in the global bullion market.
In the international market, gold prices dropped by $10 per ounce, settling at $3,970. The impact was immediately reflected in the domestic market, where the price of gold per tola decreased by Rs1,000, reaching Rs419,362, while the price per 10 grams fell by Rs857 to Rs359,535.
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Market analysts attributed the fall to fluctuations in global demand and the strengthening of the US dollar, factors that have traditionally influenced gold’s valuation.
Despite the drop, traders noted that gold remains a preferred safe-haven asset among investors, particularly amid persistent economic and geopolitical uncertainties.
