Gold prices dropped significantly across Pakistan on Thursday, with the rate for 24-karat gold falling by Rs1,900 per tola, bringing the new price to Rs347,500, according to data from the Saraffa Association.
The cost of 10 grams of 24-karat gold also saw a reduction of Rs1,629, now priced at Rs297,925.
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Today’s Gold Prices:
| Gold Type | Price Drop | New Price |
|---|---|---|
| 1 Tola | Rs1,900 ↓ | Rs347,500 |
| 10 Grams | Rs1,629 ↓ | Rs297,925 |
Gold Price Trends This Week:
| Date | Rate (Per Tola) |
|---|---|
| 20 May | Rs342,800 |
| 19 May | Rs342,500 |
| 17 May | Rs338,500 |
| 16 May | Rs336,100 |
| 15 May | Rs335,200 |
| 14 May | Rs341,900 |
| 13 May | Rs344,200 |
The downward trend in gold isn’t confined to Pakistan alone. Internationally, gold prices also declined by $19 per ounce, settling at $3,291.
Experts believe the fall is influenced by a stronger U.S. dollar, reduced geopolitical tensions, and changing investor behavior.
Traders suggest closely watching the market for more possible changes in the days ahead.