by In a sudden downturn, Pakistan’s gold market has witnessed a steep drop—a total decline of Rs 8,500 per tola over just three days—raising eyebrows among jewelers, investors, and traders across the country.
📆 Day‑by‑Day Price Movements
- Saturday (most recent day): 24‑karat gold slipped by Rs 300 to ₹356,400 per tola, down from Rs 356,700.
- Prior two days: The earlier combined drop stood at Rs 8,200. Together with Saturday’s fall, the three‑day total reached an 8,500 rupee decrease
📉 Other Weights & Silver Also Down
- 10 grams of 24K gold declined by Rs 257 to ₹305,555 (from ₹305,812).
- 10 grams of 22K gold saw a loss of Rs 235, settling at ₹280,102 (down from ₹280,337).
- Silver prices shrank too, with per‑tola silver falling Rs 60 to ₹3,963 and 10g silver down Rs 52 to ₹3,397
🌏 Global Market Pressures at Play
Overseas, international gold prices dipped from $3,340/oz to $3,337/oz, a small move triggering considerable local reaction. Silver also slipped by $0.60 per ounce—from $38.74 to $38.14.
These global shifts, combined with currency and demand dynamics at home, have reverberated across Pakistan’s bullion markets.
🧭 Key Factors Behind the Slide
Several elements are contributing to the downturn:
- Weakening demand from domestic buyers and investors.
- Global price softness, reflecting international economic signals.
- Potential rupee strength easing imported cost pressures.
- Reduced speculative activity, as uncertainty induces cautious behavior.
💬 Market Reactions & Investor Sentiment
Jewelers report mixed reactions—some anticipating a short‑term boost in bridal-season sales at slightly lower prices, others warning of volatile sentiments ahead. Investors are monitoring the dip carefully, splitting between opportunistic buying at lower levels and caution over an unpredictable global economic horizon.
📊 Snapshot: Price Changes
| Item | Previous Price (₹) | Current Price (₹) | Change (₹) |
|---|---|---|---|
| 24K Gold / Tola | ~356,700 | ~356,400 | –300 |
| 24K Gold / 3‑day total | ~365,000? | ~356,400 | –8,500 |
| 10g 24K Gold | ~305,812 | ~305,555 | –257 |
| 10g 22K Gold | ~280,337 | ~280,102 | –235 |
| Silver / Tola | — | ~3,963 | –60 |
| Silver / 10g | — | ~3,397 | –52 |
🔮 What Lies Ahead?
The Brazilian economic outlook suggests continued pressure for gold prices in the near term:
- If international rates weaken further, domestic rates could keep moving downward.
- A firming rupee or stable exchange rate may control upward softening.
- Upcoming geopolitical or macroeconomic news—especially from Western central banks—can reignite volatility or spur a rebound.
🎯 Bottom Line
In just three trading days, Pakistani gold slumped by a notable Rs 8,500 per tola, reflecting international price declines, local demand shifts, and cautious investor sentiment. While this may present tactical buying opportunities—especially for buyers eyeing jewelry purchases ahead of seasonal demand—the prevailing uncertainty suggests a volatile run ahead.
Investors and consumers should stay alert to both global bullion trends and local currency movements to make informed decisions in this fluctuating market.
