After drop in silver, gold prices also slide in Pakistan

Gold prices in Pakistan have also moved downward after a noticeable decline in silver prices and a broader slump in the global bullion market. The decrease comes as international gold prices recorded a fall of 2.52 per cent during the latest trading session, triggering cautious sentiment among investors worldwide.

According to international market data, gold prices dropped to $4,690.91 per ounce, reflecting pressure from multiple global factors. Analysts say the decline is largely driven by fluctuations in the US dollar, shifting global economic conditions, and increased profit-taking by investors who had benefited from gold’s strong rally over recent years.

Market experts note that while gold is traditionally regarded as a safe-haven asset during times of uncertainty, its prices remain highly sensitive to changes in global financial policies, interest rate expectations, and currency movements. Recent adjustments in these areas have weighed heavily on precious metal prices.

The impact of falling global gold rates is now being felt in Pakistan’s local bullion markets, where prices are expected to ease further in the coming days. Traders report that reduced international prices, combined with subdued demand, have contributed to the downward trend.

Despite the current decline, experts believe the long-term outlook for gold remains tied to global economic stability and investor confidence. Any major shifts in international markets or monetary policy could once again influence gold prices, both globally and in Pakistan.