Islamabad, 15, May, 2025: A sharp downturn has been recorded in both local and international gold markets, leading to a significant drop in gold Prices, buyers and investors alike.
Local Market Sees Substantial Drop
The price of gold in Pakistan witnessed a steep decline on Tuesday. Rates for 10 grams of gold slid by Rs5,745, bringing the new value down to Rs287,379.
At the same time, the price of one tola of gold dropped by Rs6,700, now trading at Rs335,200.
This downward movement is seen as a response to developments in the global market, which has shown consistent volatility in recent trading sessions.
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Jewellers and market observers noted that the correction reflects fluctuations in demand and broader economic signals influencing precious metals globally.
Global Gold Prices Dip Further
On the international front, the price of gold per ounce also suffered a notable decrease. Rates fell by $67, settling at $3,168 per ounce.
Analysts attributed the fall to easing inflation concerns in major economies and a firmer dollar, both of which typically exert downward pressure on gold prices.
Investor Sentiment Shifts
The unexpected slump in gold prices has caused a shift in investor sentiment, with many choosing to wait for market stabilisation before making further purchases.
Market insiders suggested that the drop may open a short-term buying opportunity, especially if international prices continue to adjust in the coming days.
READ MORE: Today Gold Rate in Pakistan
Gold, long considered a safe-haven asset, has faced increased pressure amid changes in central bank policies and expectations of interest rate adjustments.
Financial strategists believe that unless geopolitical tensions or inflation fears rise again, gold may face more downward corrections in the near term.
Despite today’s decline, experts advise caution, noting that the market remains sensitive to global cues and could turn around quickly depending on macroeconomic developments.
