Gold prices fall sharply after recent surge in Pakistan

Gold prices in Pakistan registered a sharp decline, reversing gains seen earlier this week amid continued volatility in global and local markets.

According to market data, the price of gold fell by Rs 5,500 per tola, bringing it down to Rs 479,562. Similarly, the price of 10 grams of gold dropped by Rs 4,715 to Rs 411,147. The decline comes just days after gold touched record highs in the domestic market.

Earlier, gold prices had surged, with per tola rates climbing to Rs 493,962, driven by rising international bullion prices and economic uncertainty. In global markets, gold had gained as investors turned to safe-haven assets, while currency fluctuations also influenced local pricing.

Analysts say the latest drop likely reflects short-term corrections in international gold prices, along with shifts in investor sentiment. Despite the decline, market experts caution that gold remains highly sensitive to global economic conditions, including inflation trends, currency movements, and geopolitical tensions.

They add that continued uncertainty in international markets could keep gold prices volatile in the coming days, with investors closely monitoring global cues before making further moves.