ISLAMABAD — Gold prices in Pakistan fell sharply on Wednesday as the local market witnessed one of its steeper single-day declines in recent weeks. The precious metal saw a significant correction in domestic trading.
Sharp Decline in 24-Karat Gold Prices
The price of 24-karat gold per tola declined by Rs 12,627 to settle at Rs 442,436. This represents a significant drop from the previous trading day’s rate of Rs 455,063.
The All Pakistan Sarafa Gems and Jewellers Association issued the updated rates. The association monitors and tracks daily bullion prices across Pakistan’s jewellery and precious metals markets.
Key Price Details
- 24-karat gold per tola: Rs 442,436
- Single-day decline: Rs 12,627
- Previous rate: Rs 455,063
International Market Influences Local Rates
The sharp decline in Pakistan’s gold market reflects broader movements in international gold prices. International rates typically influence domestic pricing trends in the local market.
This marks one of the more notable single-day price corrections in recent trading sessions. The precious metal’s volatility continues to impact Pakistan’s bullion sector.
