Gold prices in Pakistan continued their downward trend for the fourth consecutive day, dropping to around Rs. 4.9 lakh per tola in the local bullion market.
According to the latest market data, the price of 24-karat gold declined significantly, reflecting sustained pressure from international markets and changing investor sentiment. The per tola rate dropped close to Rs. 498,000–500,000 range, marking a steady decline over the past few days.
This ongoing decrease follows a series of daily corrections, with gold losing value consistently as global prices fluctuate. Experts attribute the decline to a mix of factors including a stronger US dollar, profit-taking by investors, and easing demand for safe-haven assets.
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Despite geopolitical tensions, including uncertainty around US-Iran relations, the global gold market has shown weakness, which is directly impacting local prices in Pakistan.
In addition to gold, silver prices have also seen a drop, further indicating a broader correction in precious metals.
Market analysts believe that gold prices may continue to fluctuate in the short term, depending on international economic signals, currency movements, and geopolitical developments. However, they emphasize that gold still remains a key long-term investment option and a hedge against inflation.
For now, the consistent four-day decline signals a cooling phase in the market, offering potential buying opportunities for investors and consumers.
