Gold Prices Drop in Global and Pakistani Markets
In both international and local markets, gold prices have gone down recently. The price went down by $25 per ounce over the world, to $3,310. The Express Tribune says that the price of 24-karat gold in Pakistan has dropped immediately as a result of this decline. The price is currently Rs353,000, down from Rs2,500 per tola. The cost of 10 grams of 24-karat gold also went down by Rs2,143, making it Rs302,640.
Market Breakdown:
International Market: The price of gold has dropped $25 to $3,310 per ounce.
Market in Pakistan:
24-karat gold (per tola): Down Rs2,500 to Rs353,000
24-karat gold (10 grams): down Rs2,143 to Rs302,640
What’s Driving the Decline:
Investors are less interested in gold now that the US dollar is stronger.
People are worried about future US trade talks, especially because of tariff deadlines, which is making people less positive.
Analysts say that the market will keep going up and down because of changing signals from the global economy.
Volatility Ahead:
FXStreet says that if prices go below $3,300, they could drop much more to $3,260–3,255.
On the other hand, a recovery above $3,345 could start a short-covering rally that could bring prices back up to $3,400.
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