Gold prices in Pakistan saw a slight dip on Monday, following a similar trend in the global market, with the rate per tola now recorded at Rs338,800.
According to the latest data from the Saraffa Association, the price of gold dropped by Rs1,800 per tola, while the cost of 10 grams fell by Rs1,543, bringing it down to Rs290,466.
This decline follows a consistent pattern over the past week, with prices moving from Rs328,800 on April 10 down from Rs325,000 on March 29.
Market watchers say the international drop in gold—now priced at $3,218 per ounce is tied to a stronger U.S. dollar and uncertainty over future economic decisions in leading global economies.
Traders on the local front expect continued ups and downs in prices, largely depending on international market signals and shifts in domestic buying activity.
Notably, gold previously hit an all-time high of “Rs281,800 per tola in Pakistan.