Gold Prices Plunge by Over Rs. 10,000 per Tola Amid Global Tariff Deal
On Monday, the price of 24 karat gold in Pakistan dropped sharply by Rs. 10,400 per tola, settling at Rs. 340,500 compared to Rs. 350,900 on the previous trading day, according to the All Pakistan Sarafa Gems and Jewelers Association.
Similarly, the price of 10 grams of 24 karat gold fell by Rs. 8,917 to Rs. 291,923, down from Rs. 300,840. The rate for 10 grams of 22 karat gold also decreased, falling by Rs. 8,087 to Rs. 267,693 from Rs. 275,780.
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Silver prices also declined, with per tola silver dropping by Rs. 17 to Rs. 3,400, and 10-gram silver slipping by Rs. 15 to Rs. 2,914.
The downward trend was mirrored in the global market, where gold prices slid 3 percent to a more than one-week low. The dip came after the United States and China announced a breakthrough agreement to reduce reciprocal tariffs, boosting investor confidence and reducing demand for safe-haven assets like gold.
